MGO One Seven LLC Has $8.16 Million Stock Position in Walmart Inc. (NYSE:WMT)

Key Points

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MGO One Seven LLC lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,893 shares of the retailer's stock after buying an additional 9,501 shares during the quarter. MGO One Seven LLC's holdings in Walmart were worth $8,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northern Trust Corp raised its holdings in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Walmart by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock valued at $2,696,396,000 after purchasing an additional 233,040 shares in the last quarter. Invesco Ltd. increased its holdings in Walmart by 1.3% during the fourth quarter. Invesco Ltd. now owns 28,365,122 shares of the retailer's stock valued at $2,562,789,000 after buying an additional 368,711 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Walmart by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,917,346 shares of the retailer's stock valued at $2,341,632,000 after buying an additional 2,643,413 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Walmart by 1.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,550,898 shares of the retailer's stock worth $1,014,053,000 after buying an additional 197,230 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the sale, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,912 shares of company stock worth $13,863,813 in the last ninety days. Insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore ISI lifted their price target on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Raymond James Financial cut their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Performance

Shares of WMT traded up $0.78 during midday trading on Friday, hitting $98.76. 3,514,601 shares of the stock traded hands, compared to its average volume of 19,057,600. The business's 50 day moving average price is $96.82 and its two-hundred day moving average price is $94.98. The firm has a market capitalization of $788.15 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 4.70 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 95.0%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is presently 40.17%.

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.