Ameriflex Group Inc. Invests $594,000 in Walmart Inc. (NYSE:WMT)

Ameriflex Group Inc. bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,055 shares of the retailer's stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased its position in 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 purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in Walmart during the 4th quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,583 shares of company stock worth $16,701,404 in the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Raymond James reduced their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $104.94.

Walmart Stock Up 1.2%

NYSE WMT traded up $1.18 during trading on Tuesday, reaching $97.52. 17,168,296 shares of the company's stock were exchanged, compared to its average volume of 17,858,663. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The firm has a market capitalization of $780.25 billion, a PE ratio of 40.46, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company's fifty day simple moving average is $92.54 and its 200-day simple moving average is $93.12.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the company posted $0.60 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is 40.17%.

Walmart Company 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.