Transcend Capital Advisors LLC Acquires 567 Shares of Walmart Inc. (NYSE:WMT)

Transcend Capital Advisors LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,912 shares of the retailer’s stock after purchasing an additional 567 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Walmart were worth $1,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SeaTown Holdings Pte. Ltd. grew its position in Walmart by 26.6% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock worth $40,398,000 after buying an additional 53,000 shares in the last quarter. Railway Pension Investments Ltd boosted its position in shares of Walmart by 28.0% during the 3rd quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock valued at $122,668,000 after acquiring an additional 167,800 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Walmart by 1.5% during the third quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock valued at $235,608,000 after purchasing an additional 21,899 shares in the last quarter. Capital Wealth Planning LLC boosted its stake in Walmart by 32.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock valued at $338,602,000 after buying an additional 518,896 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock valued at $7,751,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, Director S Robson Walton sold 14,685,327 shares of Walmart stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the transaction, the director now directly owns 656,397,261 shares of the company’s stock, valued at $38,473,631,458.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director S Robson Walton sold 14,685,327 shares of Walmart stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares of the company’s stock, valued at approximately $38,473,631,458.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $55.72, for a total value of $167,160.00. Following the sale, the executive vice president now owns 530,613 shares of the company’s stock, valued at approximately $29,565,756.36. The disclosure for this sale can be found here. Insiders have sold 29,019,140 shares of company stock worth $1,696,035,551 over the last 90 days. Company insiders own 46.51% of the company’s stock.

Walmart Stock Up 0.1 %

Walmart stock opened at $60.24 on Tuesday. The company has a market cap of $485.52 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.93 and a beta of 0.49. The company has a fifty day simple moving average of $59.98 and a 200 day simple moving average of $55.86. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $48.34 and a 1-year high of $61.65.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Research analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is presently 43.38%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. Tigress Financial increased their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Morgan Stanley lowered their target price on Walmart to $66.67 and set an “overweight” rating for the company in a research note on Monday, February 26th. Oppenheimer dropped their price objective on Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Finally, Evercore ISI cut their price objective on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $61.75.

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.