Ninepoint Partners LP Has $943,000 Stake in Walmart Inc. (NYSE:WMT)

Ninepoint Partners LP decreased its stake in Walmart Inc. (NYSE:WMT) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,438 shares of the retailer’s stock after selling 1,288 shares during the quarter. Ninepoint Partners LP’s holdings in Walmart were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brophy Wealth Management LLC bought a new stake in shares of Walmart in the third quarter worth about $2,072,000. Candriam S.C.A. increased its holdings in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Bank of New Hampshire increased its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Finally, Iowa State Bank increased its holdings in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Evercore ISI decreased their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday, February 28th. One analyst has 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $103.20.

Insider Activity

In related news, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the sale, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. The trade was a 4.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT opened at $85.29 on Friday. The stock has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. The business has a 50 day moving average of $95.74 and a 200-day moving average of $88.71. 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 Inc. has a 12-month low of $58.56 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 for the quarter, topping 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 analysts’ expectations of $178.83 billion. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart’s payout ratio is 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.