Atalanta Sosnoff Capital LLC Purchases 105,170 Shares of Walmart Inc. (NYSE:WMT)

Atalanta Sosnoff Capital LLC boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,017,556 shares of the retailer's stock after buying an additional 105,170 shares during the period. Walmart makes up about 2.0% of Atalanta Sosnoff Capital LLC's investment portfolio, making the stock its 13th largest position. Atalanta Sosnoff Capital LLC's holdings in Walmart were worth $91,936,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter worth about $37,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WMT shares. KeyCorp upped their price objective on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Truist Financial increased their price objective on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. StockNews.com upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Friday. Mizuho assumed coverage on shares of Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price for the company. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Walmart Stock Up 1.4 %

NYSE:WMT traded up $1.32 on Friday, hitting $98.73. 16,026,369 shares of the company's stock were exchanged, compared to its average volume of 17,851,074. The company has a market cap of $789.93 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The firm has a 50-day moving average price of $90.52 and a 200-day moving average price of $91.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 52 week low of $59.39 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's payout ratio is presently 39.00%.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,657 shares of company stock worth $15,984,929. Company insiders own 45.58% of the company's stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.