SRN Advisors LLC Buys 158 Shares of Walmart Inc. (NYSE:WMT)

SRN Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,632 shares of the retailer’s stock after buying an additional 158 shares during the period. SRN Advisors LLC’s holdings in Walmart were worth $1,141,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Swedbank AB boosted its holdings in Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares in the last quarter. Pallas Capital Advisors LLC increased its position in shares of Walmart by 17.6% during the third quarter. Pallas Capital Advisors LLC now owns 11,403 shares of the retailer’s stock valued at $947,000 after buying an additional 1,705 shares during the period. Boston Financial Mangement LLC raised its stake in Walmart by 3.7% in the third quarter. Boston Financial Mangement LLC now owns 29,274 shares of the retailer’s stock worth $2,364,000 after buying an additional 1,041 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Walmart by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 19,158 shares of the retailer’s stock valued at $1,571,000 after acquiring an additional 507 shares in the last quarter. Finally, Valmark Advisers Inc. raised its position in shares of Walmart by 7.2% in the 3rd quarter. Valmark Advisers Inc. now owns 56,787 shares of the retailer’s stock worth $4,586,000 after acquiring an additional 3,822 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of Walmart stock opened at $96.11 on Thursday. 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 Inc. has a 52 week low of $58.20 and a 52 week high of $105.30. The stock’s 50-day simple moving average is $95.70 and its 200-day simple moving average is $87.17. The company has a market capitalization of $772.10 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 4.42 and a beta of 0.55.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued 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 yield of 0.98%. Walmart’s dividend payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMT. Morgan Stanley reiterated an “overweight” rating and set a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Roth Mkm reissued a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their price objective 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. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.07.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,528 shares of company stock worth $13,849,185 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

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.