Mach 1 Financial Group LLC Has $17.14 Million Stake in Walmart Inc. (NYSE:WMT)

Mach 1 Financial Group LLC boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,717 shares of the retailer's stock after buying an additional 21,429 shares during the quarter. Walmart makes up about 30.9% of Mach 1 Financial Group LLC's investment portfolio, making the stock its largest position. Mach 1 Financial Group LLC's holdings in Walmart were worth $17,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,533 shares of company stock worth $13,241,740. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 0.7 %

Shares of NYSE:WMT traded up $0.70 during trading on Thursday, hitting $95.66. 6,349,096 shares of the company were exchanged, compared to its average volume of 17,794,496. The stock has a market cap of $766.89 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a fifty-two week low of $58.58 and a fifty-two week high of $105.30. The firm has a fifty day moving average price of $90.91 and a two-hundred day moving average price of $90.54.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.98%. Walmart's dividend payout ratio is currently 39.00%.

Analysts Set New Price Targets

A number of analysts recently commented on WMT shares. Citigroup reiterated a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Truist Financial lifted their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Thursday, April 10th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

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.