Bullseye Investment Management LLC Acquires New Stake in Walmart Inc. (NYSE:WMT)

Bullseye Investment Management LLC bought a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,827 shares of the retailer’s stock, valued at approximately $524,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Coyle Financial Counsel LLC grew its position in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. boosted its stake in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the period. Blackston Financial Advisory Group LLC increased its holdings in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after acquiring an additional 106 shares during the last quarter. Van Strum & Towne Inc. raised its stake in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after acquiring an additional 108 shares during the period. Finally, Scarborough Advisors LLC lifted its holdings in Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart 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 sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,528 shares of company stock valued at $14,096,140. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMT. Stifel Nicolaus dropped their price objective on shares of Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Citigroup reissued a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Royal Bank of Canada dropped their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Trading Down 0.6 %

Shares of WMT stock opened at $85.08 on Friday. The company has a 50 day moving average of $94.62 and a 200-day moving average of $89.32. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm has a market cap of $682.04 billion, a P/E ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Walmart 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.