Tang Capital Management LLC Has $1.57 Million Holdings in Walmart Inc. (NYSE:WMT)

Tang Capital Management LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 36.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,423 shares of the retailer's stock after acquiring an additional 4,698 shares during the period. Tang Capital Management LLC's holdings in Walmart were worth $1,574,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares in the company, valued at approximately $44,293,612.80. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,035 shares of company stock worth $12,445,082. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WMT shares. Raymond James cut their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $104.94.

Walmart Stock Down 0.3%

Shares of WMT stock traded down $0.31 during trading on Tuesday, reaching $97.81. The company's stock had a trading volume of 15,595,679 shares, compared to its average volume of 17,857,218. The business has a fifty day moving average price of $91.45 and a 200-day moving average price of $92.66. 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 company has a market cap of $782.57 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30.

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. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart's 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.