Sherbrooke Park Advisers LLC Purchases Shares of 5,721 Walmart Inc. (NYSE:WMT)

Sherbrooke Park Advisers LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, Holdings Channel.com reports. The fund purchased 5,721 shares of the retailer’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. World Investment Advisors boosted its position in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after buying an additional 19,233 shares during the last quarter. Candriam S.C.A. raised its stake in Walmart by 209.7% during 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 during the period. Modera Wealth Management LLC raised its stake in Walmart by 4.8% during 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 during the period. Cushing Capital Partners LLC acquired a new stake in Walmart during the fourth quarter worth about $1,124,000. Finally, Campbell Wealth Management acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $359,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the transaction, the executive vice president now directly owns 632,718 shares of the company’s stock, valued at $61,607,751.66. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,857 shares of company stock valued at $12,444,743. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WMT shares. Citigroup reiterated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price target on shares of Walmart in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $102.00 target price on shares of Walmart in a report on Friday. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.94.

Walmart Price Performance

WMT stock opened at $98.26 on Friday. The firm’s 50-day moving average price is $91.19 and its two-hundred day moving average price is $92.40. Walmart Inc. has a 12-month low of $63.63 and a 12-month high of $105.30. The stock has a market capitalization of $786.18 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. During the same period in the previous year, the company posted $0.60 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is 39.00%.

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.