Polymer Capital Management HK LTD Has $4.01 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Polymer Capital Management HK LTD raised its stake in shares of Walmart Inc. (NYSE:WMT) by 355.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,364 shares of the retailer’s stock after buying an additional 34,614 shares during the period. Polymer Capital Management HK LTD’s holdings in Walmart were worth $4,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted 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 worth $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target 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. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred 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 $44,049,852.03. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock valued at $16,785,080 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $83.09 on Friday. The business’s 50 day moving average price is $94.01 and its 200 day moving average price is $89.59. The firm has a market cap of $666.12 billion, a P/E ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69. 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 $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) 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.