Montis Financial LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Montis Financial LLC raised its position in Walmart Inc. (NYSE:WMT – Free Report) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,459 shares of the retailer’s stock after buying an additional 423 shares during the period. Montis Financial LLC’s holdings in Walmart were worth $584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Poinciana Advisors Group LLC purchased a new stake in Walmart in the 4th quarter valued at about $249,000. HMV Wealth Advisors LLC purchased a new stake in Walmart in the 4th quarter valued at about $317,000. Sienna Gestion increased its stake in Walmart by 864.3% in the 4th quarter. Sienna Gestion now owns 94,555 shares of the retailer’s stock valued at $8,542,000 after buying an additional 84,749 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in Walmart in the 4th quarter valued at about $283,000. Finally, Postrock Partners LLC purchased a new stake in Walmart in the 4th quarter valued at about $2,061,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WMT. UBS Group reissued a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $103.20.

Read Our Latest Report on WMT

Insider Activity

In related 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 transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Walmart stock opened at $85.29 on Friday. The firm’s fifty day moving average price is $95.74 and its 200-day moving average price is $88.62. 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 stock has a market cap of $685.19 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given 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 currently 39.00%.

Walmart Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).