American Money Management LLC Invests $381,000 in Walmart Inc. (NYSE:WMT)

American Money Management LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,221 shares of the retailer’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz SE purchased a new stake in Walmart during the fourth quarter worth approximately $14,879,000. Tucker Asset Management LLC boosted its position in Walmart by 88.2% during the 4th quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer’s stock worth $115,000 after purchasing an additional 596 shares during the period. Prime Capital Investment Advisors LLC boosted its position in shares of Walmart by 0.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 560,069 shares of the retailer’s stock worth $50,602,000 after buying an additional 1,895 shares during the period. WealthTrak Capital Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $53,000. Finally, Intrust Bank NA raised its holdings in shares of Walmart by 3.7% during the 4th quarter. Intrust Bank NA now owns 44,843 shares of the retailer’s stock valued at $4,052,000 after buying an additional 1,606 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reduced their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Robert W. Baird upped their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Price Performance

NYSE:WMT opened at $85.08 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $94.62 and its 200 day moving average price is $89.32. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The firm has a market cap of $682.04 billion, a P/E ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is owned by corporate insiders.

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.