2,442 Shares in Walmart Inc. (NYSE:WMT) Bought by Miramar Capital LLC

Miramar Capital LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,442 shares of the retailer’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Swedbank AB grew its holdings in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the period. Principal Financial Group Inc. boosted its position in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its position in Walmart by 77.8% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 581,009 shares of the retailer’s stock worth $46,916,000 after purchasing an additional 254,232 shares in the last quarter. Equitable Trust Co. boosted its position in Walmart by 2.3% during the third quarter. Equitable Trust Co. now owns 62,278 shares of the retailer’s stock worth $5,029,000 after purchasing an additional 1,386 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Walmart during the third quarter worth $4,829,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on WMT shares. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $103.07.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT stock opened at $91.68 on Friday. 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 Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The firm has a market cap of $736.46 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50-day simple moving average of $96.19 and a 200-day simple moving average of $88.35.

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

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.