NEOS Investment Management LLC Buys 56,002 Shares of Walmart Inc. (NYSE:WMT)

NEOS Investment Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 232,999 shares of the retailer’s stock after buying an additional 56,002 shares during the period. NEOS Investment Management LLC’s holdings in Walmart were worth $21,051,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The shares were 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. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,528 shares of company stock valued at $14,096,140 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.4 %

Shares of Walmart stock opened at $85.13 on Thursday. The stock has a market cap of $682.45 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a fifty day moving average price of $94.87 and a 200 day moving average price of $89.22. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share 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. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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 paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Evercore ISI lowered their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus dropped their price target on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Two research analysts have 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

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.