Yoffe Investment Management LLC Purchases Shares of 18,683 Walmart Inc. (NYSE:WMT)

Yoffe Investment Management LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 18,683 shares of the retailer's stock, valued at approximately $1,688,000. Walmart comprises approximately 2.4% of Yoffe Investment Management LLC's investment portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% in the fourth 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 shares of Walmart during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. bought a new position in shares of Walmart during the fourth quarter valued at approximately $41,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now directly 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 SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This represents a 0.81% 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 valued at $16,701,404 in the last ninety days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMT. Royal Bank of Canada restated an "outperform" rating and set a $102.00 target price on shares of Walmart in a report on Friday, May 16th. Mizuho began coverage on Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price for the company. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

Walmart Trading Up 1.2%

Shares of Walmart stock traded up $1.18 on Tuesday, reaching $97.52. The company had a trading volume of 17,168,296 shares, compared to its average volume of 17,858,663. The firm has a market cap of $780.25 billion, a price-to-earnings ratio of 40.46, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm's 50-day moving average price is $92.54 and its two-hundred day moving average price is $93.12. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results 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 analysts' expectations of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 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.