Walmart Inc. (NYSE:WMT) Shares Acquired by Sirios Capital Management L P

by · The Cerbat Gem

Sirios Capital Management L P raised its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,248 shares of the retailer’s stock after purchasing an additional 2,373 shares during the period. Sirios Capital Management L P’s holdings in Walmart were worth $1,016,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have weighed in on WMT. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Walmart in a research note on Thursday, April 10th. Raymond James dropped their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Evercore ISI cut 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Three research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.58.

View Our Latest Stock Analysis on WMT

Walmart Stock Up 2.7 %

Shares of NYSE:WMT opened at $94.91 on Wednesday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. 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 company has a market cap of $760.88 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm has a 50 day simple moving average of $91.09 and a 200 day simple moving average of $90.51.

Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS 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 analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 178,782 shares of company stock valued at $16,785,305. Corporate insiders own 45.58% of the company’s stock.

About Walmart

(Free Report)

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.

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