MGO One Seven LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

MGO One Seven LLC increased its position in Walmart Inc. (NYSE:WMT) by 18.9% in the 4th quarter, Holdings Channel reports. The firm owned 83,392 shares of the retailer’s stock after buying an additional 13,230 shares during the period. MGO One Seven LLC’s holdings in Walmart were worth $7,535,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank purchased a new stake in Walmart in the 4th quarter valued at $5,737,355,000. Fisher Asset Management LLC boosted its stake in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Finally, Franklin Resources Inc. grew its position in Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after purchasing an additional 514,036 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 178,782 shares of company stock worth $16,785,305. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their price objective on Walmart from $107.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, April 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 report on Tuesday, February 25th. StockNews.com downgraded Walmart from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Oppenheimer dropped their price objective on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Three 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Stock Up 2.7 %

Shares of NYSE:WMT opened at $94.91 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $760.88 billion, a P/E ratio of 39.38, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock’s fifty day simple moving average is $91.09 and its 200-day simple moving average is $90.51.

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

Walmart Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.99%. Walmart’s payout ratio is currently 39.00%.

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.