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

Miramar Capital LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel reports. The firm bought 2,442 shares of the retailer’s stock, valued at approximately $221,000.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Walmart during the 4th quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Wells Fargo & Company raised their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Truist Financial raised their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird raised their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.07.

Walmart Stock Down 3.1 %

Shares of WMT stock opened at $91.68 on Friday. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The stock has a market cap of $736.46 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business’s fifty day moving average is $96.19 and its 200-day moving average is $88.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction 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 transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction 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 in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 in the last three months. 45.58% of the stock is currently owned by insiders.

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.