Tyche Wealth Partners LLC Buys 58,210 Shares of Walmart Inc. (NYSE:WMT)

Tyche Wealth Partners LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 182.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,121 shares of the retailer's stock after acquiring an additional 58,210 shares during the quarter. Walmart comprises approximately 1.3% of Tyche Wealth Partners LLC's holdings, making the stock its 17th largest position. Tyche Wealth Partners LLC's holdings in Walmart were worth $5,423,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SeaTown Holdings Pte. Ltd. raised its holdings in Walmart by 26.6% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer's stock valued at $40,398,000 after acquiring an additional 53,000 shares in the last quarter. Railway Pension Investments Ltd grew its position in Walmart by 28.0% during the 3rd quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer's stock worth $122,668,000 after acquiring an additional 167,800 shares during the last quarter. Mackenzie Financial Corp grew its position in Walmart by 1.5% during the 3rd quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer's stock worth $235,608,000 after acquiring an additional 21,899 shares during the last quarter. Capital Wealth Planning LLC grew its position in Walmart by 32.5% during the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer's stock worth $338,602,000 after acquiring an additional 518,896 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer's stock valued at $7,751,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of Walmart stock traded up $0.87 on Thursday, hitting $59.72. The stock had a trading volume of 17,570,231 shares, compared to its average volume of 18,654,518. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65. The business's 50 day moving average is $60.03 and its two-hundred day moving average is $55.95. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The stock has a market cap of $481.33 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 3.88 and a beta of 0.49.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, December 13th. Walmart's dividend payout ratio (DPR) is currently 43.38%.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 5,970,066 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the sale, the insider now directly owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Alice L. Walton sold 5,970,066 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the sale, the insider now directly owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 500,000 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.39, for a total value of $29,195,000.00. Following the sale, the insider now owns 653,067,261 shares of the company's stock, valued at $38,132,597,369.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,016,140 shares of company stock worth $1,695,868,391. Company insiders own 46.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com upgraded Walmart from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 21st. Oppenheimer dropped their price objective on Walmart to $67.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Walmart from $62.00 to $63.33 and gave the company a "buy" rating in a research note on Friday, February 16th. Stifel Europe lifted their price target on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $68.00 price target on shares of Walmart in a research note on Wednesday, March 27th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.75.

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.

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