Ninepoint Partners LP Has $943,000 Position in Walmart Inc. (NYSE:WMT)

Ninepoint Partners LP reduced its stake in Walmart Inc. (NYSE:WMT) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,438 shares of the retailer’s stock after selling 1,288 shares during the quarter. Ninepoint Partners LP’s holdings in Walmart were worth $943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 over the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Walmart stock opened at $85.29 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. The firm has a market cap of $685.19 billion, a P/E ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. The business’s fifty day moving average is $95.74 and its two-hundred day moving average is $88.71. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 for 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 fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Finally, KeyCorp upped their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $103.20.

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.