Parvin Asset Management LLC Takes $586,000 Position in Walmart Inc. (NYSE:WMT)

Parvin Asset Management LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,491 shares of the retailer's stock, valued at approximately $586,000.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter worth $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.19 during midday trading on Thursday, hitting $97.44. The stock had a trading volume of 13,150,271 shares, compared to its average volume of 17,842,666. The company has a market capitalization of $779.57 billion, a PE ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1 year low of $58.58 and a 1 year high of $105.30. The stock has a 50 day moving average price of $90.50 and a two-hundred day moving average price of $91.21. 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 (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WMT shares. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Royal Bank of Canada reduced their price target on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Raymond James dropped their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, thirty have assigned 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.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 169,657 shares of company stock worth $15,984,929. 45.58% of the stock is owned by company insiders.

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.