Xponance Inc. Has $62.34 Million Holdings in Walmart Inc. (NYSE:WMT)

Xponance Inc. increased its position in Walmart Inc. (NYSE:WMT) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 689,995 shares of the retailer’s stock after acquiring an additional 34,931 shares during the quarter. Walmart comprises about 0.6% of Xponance Inc.’s investment portfolio, making the stock its 22nd biggest position. Xponance Inc.’s holdings in Walmart were worth $62,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WMT. Raymond James Financial Inc. bought a new position in Walmart in the 4th quarter worth $2,306,627,000. Jennison Associates LLC raised its position in shares of Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC raised its position in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Walmart by 3.3% during 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 buying an additional 2,786,061 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $103.20.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This trade represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock worth $17,657,316 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 2.6 %

WMT opened at $87.54 on Tuesday. The firm’s fifty day moving average is $95.67 and its two-hundred day moving average is $88.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market cap of $703.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 analyst estimates of $178.83 billion. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. Walmart’s payout ratio is 39.00%.

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.