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

Argentarii LLC purchased a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 39,007 shares of the retailer’s stock, valued at approximately $3,524,000. Walmart comprises approximately 1.8% of Argentarii LLC’s holdings, making the stock its 14th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter worth about $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter worth about $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value 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 approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Roth Mkm restated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group restated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Truist Financial raised their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart has an average rating of “Buy” and an average price target of $103.07.

Walmart Price Performance

WMT stock opened at $91.68 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock’s 50 day moving average is $96.19 and its two-hundred day moving average is $88.35. The company has a market capitalization of $736.46 billion, a PE ratio of 38.04, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) 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 company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.03%. Walmart’s payout ratio is 39.00%.

Walmart Company 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.