1620 Investment Advisors Inc. Has $684,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

1620 Investment Advisors Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,570 shares of the retailer’s stock after buying an additional 228 shares during the period. 1620 Investment Advisors Inc.’s holdings in Walmart were worth $684,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart in the 3rd quarter valued at about $43,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock valued at $18,001,116 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT stock opened at $85.78 on Friday. The company has a fifty day moving average price of $95.34 and a 200-day moving average price of $88.89. The company has a market capitalization of $687.70 billion, a P/E ratio of 35.59, a PEG ratio of 4.42 and a beta of 0.53. 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.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. 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 report on Monday, February 10th. Citigroup reissued a “positive” rating on shares of Walmart in a report on Thursday, February 20th. KeyCorp increased their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.17.

About Walmart

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.