Waterloo Capital L.P. Has $27.54 Million Stake in Walmart Inc. (NYSE:WMT)

Waterloo Capital L.P. raised its position in Walmart Inc. (NYSE:WMT) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 304,843 shares of the retailer’s stock after acquiring an additional 47,140 shares during the quarter. Walmart makes up 2.9% of Waterloo Capital L.P.’s portfolio, making the stock its 2nd biggest holding. Waterloo Capital L.P.’s holdings in Walmart were worth $27,543,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC increased its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in shares of Walmart in the fourth quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Roth Mkm reissued a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI decreased their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Trading Down 4.8 %

WMT stock opened at $83.09 on Friday. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The stock has a market capitalization of $666.12 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 firm’s fifty day simple moving average is $94.01 and its two-hundred day simple moving average is $89.59.

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.13%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently 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.