Walmart Inc. (NYSE:WMT) Stake Boosted by Sei Investments Co.

Sei Investments Co. increased its stake in Walmart Inc. (NYSE:WMT) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,626,563 shares of the retailer’s stock after purchasing an additional 21,275 shares during the quarter. Sei Investments Co.’s holdings in Walmart were worth $146,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the 4th quarter worth about $32,000. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth about $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walmart in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,777 shares of company stock worth $18,001,116. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMT. Wells Fargo & Company lifted their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler lifted their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus lowered their target price on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Stock Up 0.1 %

Shares of WMT stock opened at $85.94 on Friday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The firm has a market cap of $688.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average of $95.19 and a 200-day moving average of $88.95. 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 (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

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.