Brooklyn FI LLC Makes New $2.28 Million Investment in Walmart Inc. (NYSE:WMT)

Brooklyn FI LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,307 shares of the retailer's stock, valued at approximately $2,284,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in Walmart in the fourth quarter worth $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart in the fourth quarter worth $2,306,627,000. Jennison Associates LLC increased its position in Walmart by 37.1% in the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock worth $2,289,419,000 after buying an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp increased its position in Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp increased its position in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares in the company, valued at $44,293,612.80. The trade was a 2.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,583 shares of company stock worth $16,701,404 in the last 90 days. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 1.2%

Shares of WMT traded up $1.18 during trading hours on Tuesday, hitting $97.52. The company had a trading volume of 17,168,296 shares, compared to its average volume of 17,858,663. Walmart Inc. has a 52-week low of $64.16 and a 52-week high of $105.30. The firm has a market cap of $780.25 billion, a P/E ratio of 40.46, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average price is $92.54 and its 200 day moving average price is $93.12.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Walmart's revenue was up 2.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

Analyst Ratings Changes

A number of equities analysts have recently commented on WMT shares. Wells Fargo & Company raised their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Mizuho started coverage on Walmart in a report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target for the company. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.94.

About Walmart

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.