Hurley Capital LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Hurley Capital LLC bought a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel reports. The firm bought 892 shares of the retailer’s stock, valued at approximately $84,000.

A number of other institutional investors have also modified their holdings of WMT. FPC Investment Advisory Inc. bought a new position in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 4.8 %

NYSE WMT opened at $83.09 on Friday. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The stock has a market cap of $666.12 billion, a PE ratio of 34.48, a PEG ratio of 4.42 and a beta of 0.69. The firm has a 50-day simple moving average of $94.01 and a 200 day simple moving average of $89.52. 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 announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WMT shares. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday, February 28th. Finally, Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently 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.