Hoylecohen LLC Purchases 2,531 Shares of Walmart Inc. (NYSE:WMT)

Hoylecohen LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 38.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,050 shares of the retailer’s stock after acquiring an additional 2,531 shares during the period. Hoylecohen LLC’s holdings in Walmart were worth $1,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after purchasing an additional 751,713 shares during the last quarter. Morgan Stanley lifted its holdings in Walmart by 1.8% during the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after buying an additional 426,388 shares during the period. Norges Bank bought a new stake in shares of Walmart in the 4th quarter valued at about $3,674,652,000. FMR LLC increased its stake in shares of Walmart by 8.5% in the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock valued at $2,698,519,000 after buying an additional 1,317,729 shares during the period. Finally, Northern Trust Corp raised its position in shares of Walmart by 4.0% during the third quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock worth $2,361,411,000 after acquiring an additional 562,256 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. UBS Group lifted their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Oppenheimer decreased their price target on Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Roth Mkm boosted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.01.

Walmart Stock Up 0.8 %

Shares of NYSE WMT traded up $0.54 during trading on Friday, hitting $65.38. The stock had a trading volume of 11,795,024 shares, compared to its average volume of 17,962,526. The firm has a fifty day moving average of $60.73 and a two-hundred day moving average of $56.84. The company has a market capitalization of $526.84 billion, a PE ratio of 27.94, a PEG ratio of 3.74 and a beta of 0.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $65.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s payout ratio is 35.47%.

Insider Buying and Selling

In other news, major shareholder Jim C. Walton sold 2,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the transaction, the insider now directly owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Jim C. Walton sold 2,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the transaction, the director now owns 648,504,011 shares of the company’s stock, valued at approximately $41,860,933,910.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,221,033 shares of company stock valued at $518,194,888. 46.51% of the stock is owned by insiders.

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.