Walmart Inc. (NYSE:WMT) Shares Bought by Oxbow Advisors LLC

Oxbow Advisors LLC grew its position in Walmart Inc. (NYSE:WMT) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,897 shares of the retailer’s stock after purchasing an additional 1,444 shares during the period. Oxbow Advisors LLC’s holdings in Walmart were worth $2,701,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMT. Jennison Associates LLC increased its holdings in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC increased its holdings in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Walmart by 53.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,820,606 shares of the retailer’s stock valued at $470,014,000 after purchasing an additional 2,018,271 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

NYSE WMT opened at $94.70 on Friday. The company has a market cap of $760.77 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The stock’s 50 day simple moving average is $95.63 and its 200-day simple moving average is $86.44. Walmart Inc. has a 1-year low of $57.77 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

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

Walmart Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart’s dividend payout ratio is presently 34.44%.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Piper Sandler increased their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday. KeyCorp upped their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets upped their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Barclays upped their target price on Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.43.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % 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 this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is currently owned by insiders.

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.