FNY Investment Advisers LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

FNY Investment Advisers LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,077 shares of the retailer's stock, valued at approximately $270,000.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% during the fourth 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. Noble Wealth Management PBC bought a new position in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart during the 1st quarter valued at $49,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were 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 $76,350,158.55. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 over the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.2%

WMT opened at $94.28 on Tuesday. The firm has a market capitalization of $752.39 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $66.41 and a one year high of $105.30. The company has a fifty day moving average price of $96.04 and a 200-day moving average price of $94.11. 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 (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Evercore ISI boosted their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

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.

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