31,625 Shares in Walmart Inc. (NYSE:WMT) Purchased by Yoffe Investment Management LLC

Yoffe Investment Management LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 31,625 shares of the retailer’s stock, valued at approximately $2,857,000. Walmart comprises approximately 2.9% of Yoffe Investment Management LLC’s investment portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 3.0 %

Shares of Walmart stock opened at $87.10 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $698.23 billion, a PE ratio of 36.14, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company’s fifty day simple moving average is $94.25 and its 200-day simple moving average is $89.50.

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 the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current 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 dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock valued at $16,785,080 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

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.