Brooklyn FI LLC Purchases Shares of 26,307 Walmart Inc. (NYSE:WMT)

Brooklyn FI LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 26,307 shares of the retailer’s stock, valued at approximately $2,284,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Walmart during the third quarter valued at $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents 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 this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by insiders.

Walmart Price Performance

NYSE:WMT opened at $85.53 on Wednesday. The firm has a market cap of $687.13 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average of $95.56 and a two-hundred day moving average of $88.93. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WMT shares. Bank of America raised their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial raised their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, February 25th. Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Walmart Company 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.