Amalgamated Bank Buys 50,802 Shares of Walmart Inc. (NYSE:WMT)

Amalgamated Bank grew its stake in shares of Walmart Inc. (NYSE:WMT) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,000,595 shares of the retailer’s stock after acquiring an additional 50,802 shares during the period. Walmart comprises approximately 0.7% of Amalgamated Bank’s investment portfolio, making the stock its 18th biggest holding. Amalgamated Bank’s holdings in Walmart were worth $90,404,000 at the end of the most recent reporting period.

A number of other large investors have 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. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,377 shares of company stock worth $18,231,904. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. 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 research report on Tuesday, December 17th. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. KeyCorp increased their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.43.

Walmart Stock Down 1.2 %

WMT stock opened at $93.64 on Tuesday. The stock has a market capitalization of $752.21 billion, a P/E ratio of 38.85, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $58.18 and a 52 week high of $105.30. The firm has a 50-day simple moving average of $95.60 and a 200-day simple moving average of $86.89. 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 (NYSE:WMT) last posted its quarterly earnings data 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%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend 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.