Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by Algert Global LLC

Algert Global LLC lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 1,647.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,676 shares of the retailer's stock after acquiring an additional 76,058 shares during the quarter. Algert Global LLC's holdings in Walmart were worth $7,289,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC raised its holdings 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 worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,657 shares of company stock worth $12,230,529 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 1.4 %

Shares of Walmart stock opened at $98.73 on Monday. Walmart Inc. has a 52-week low of $59.39 and a 52-week high of $105.30. The firm has a market capitalization of $789.93 billion, a PE ratio of 40.97, a price-to-earnings-growth 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 company's fifty day moving average price is $90.52 and its two-hundred day moving average price is $91.47.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Oppenheimer decreased their target price on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Mizuho assumed coverage on shares of Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 price target on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Robert W. Baird boosted their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.