Walmart Inc. (NYSE:WMT) Shares Acquired by Seven Mile Advisory

Seven Mile Advisory raised its stake in shares of Walmart Inc. (NYSE:WMT) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,882 shares of the retailer’s stock after buying an additional 1,140 shares during the period. Walmart makes up 0.7% of Seven Mile Advisory’s portfolio, making the stock its 25th biggest position. Seven Mile Advisory’s holdings in Walmart were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMT. Evercore ISI cut their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Piper Sandler boosted their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Roth Mkm restated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $103.17.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock valued at $14,096,140 over the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.6 %

Walmart stock opened at $85.08 on Monday. The business’s 50-day simple moving average is $94.62 and its 200-day simple moving average is $89.40. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The firm has a market capitalization of $682.04 billion, a PE ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last issued 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 company 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%. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is presently 39.00%.

Walmart Company 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.