Sargent Investment Group LLC Has $2.68 Million Stake in Walmart Inc. (NYSE:WMT)

Sargent Investment Group LLC grew its position in Walmart Inc. (NYSE:WMT) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,020 shares of the retailer’s stock after acquiring an additional 2,792 shares during the period. Sargent Investment Group LLC’s holdings in Walmart were worth $2,683,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Stonebrook Private Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $3,770,000. Pursue Wealth Partners LLC lifted its holdings in Walmart by 9.5% during the 4th quarter. Pursue Wealth Partners LLC now owns 11,512 shares of the retailer’s stock valued at $1,815,000 after purchasing an additional 1,000 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in Walmart by 5.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 11,912 shares of the retailer’s stock worth $1,878,000 after purchasing an additional 567 shares during the period. Consolidated Planning Corp increased its holdings in shares of Walmart by 1.8% in the fourth quarter. Consolidated Planning Corp now owns 32,204 shares of the retailer’s stock valued at $5,077,000 after purchasing an additional 573 shares during the last quarter. Finally, Investment Partners LTD. raised its position in shares of Walmart by 3.8% in the fourth quarter. Investment Partners LTD. now owns 7,778 shares of the retailer’s stock valued at $1,226,000 after purchasing an additional 284 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. Evercore ISI reduced their target price on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Morgan Stanley cut their price objective on shares of Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $68.00 target price on shares of Walmart in a research note on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price target on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research note on Monday, February 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Four equities research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.75.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $55.72, for a total transaction of $167,160.00. Following the completion of the transaction, the executive vice president now owns 530,613 shares in the company, valued at approximately $29,565,756.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,019,140 shares of company stock worth $1,696,035,551 in the last ninety days. Company insiders own 46.51% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $60.24 on Tuesday. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65. The stock has a market cap of $485.52 billion, a PE ratio of 31.48, a PEG ratio of 3.93 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The firm’s fifty day moving average price is $59.98 and its two-hundred day moving average price is $55.86.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. Walmart’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, equities analysts expect that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

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

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.