MONECO Advisors LLC Purchases 3,252 Shares of Walmart Inc. (NYSE:WMT)

MONECO Advisors LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,382 shares of the retailer’s stock after acquiring an additional 3,252 shares during the quarter. MONECO Advisors LLC’s holdings in Walmart were worth $1,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB grew its stake in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after buying an additional 18,644 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in Walmart by 1.3% in the third quarter. Cromwell Holdings LLC now owns 11,819 shares of the retailer’s stock worth $954,000 after acquiring an additional 155 shares in the last quarter. Burford Brothers Inc. grew its stake in shares of Walmart by 3.5% during the third quarter. Burford Brothers Inc. now owns 24,300 shares of the retailer’s stock worth $1,962,000 after acquiring an additional 815 shares during the last quarter. Highland Capital Management LLC grew its stake in shares of Walmart by 7.5% during the third quarter. Highland Capital Management LLC now owns 28,519 shares of the retailer’s stock worth $2,303,000 after acquiring an additional 2,000 shares during the last quarter. Finally, CWC Advisors LLC. acquired a new position in shares of Walmart during the third quarter valued at about $642,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,777 shares of company stock worth $16,570,112 in the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Robert W. Baird boosted their target price 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. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. TD Cowen lifted 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. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.43.

Walmart Stock Down 2.6 %

Shares of WMT opened at $94.70 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $760.77 billion, a P/E ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55. The stock’s 50 day moving average is $95.63 and its two-hundred day moving average is $86.71. Walmart Inc. has a 12 month low of $57.77 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last released its quarterly 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 firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business 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 dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart’s dividend payout ratio (DPR) is presently 34.44%.

About Walmart

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.