Transce3nd LLC Purchases Shares of 11,294 Walmart Inc. (NYSE:WMT)

Transce3nd LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,294 shares of the retailer’s stock, valued at approximately $1,020,000.

Other hedge funds have also recently made changes to their positions in the company. Trajan Wealth LLC boosted its holdings in Walmart by 6.4% in the fourth quarter. Trajan Wealth LLC now owns 212,212 shares of the retailer’s stock valued at $19,173,000 after acquiring an additional 12,732 shares in the last quarter. Sharpepoint LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $281,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Walmart by 92.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 75,884 shares of the retailer’s stock valued at $6,856,000 after purchasing an additional 36,475 shares in the last quarter. Landing Point Financial Group LLC purchased a new position in shares of Walmart during the fourth quarter valued at about $201,000. Finally, MML Investors Services LLC raised its stake in Walmart by 0.6% in the fourth quarter. MML Investors Services LLC now owns 1,033,164 shares of the retailer’s stock worth $93,346,000 after buying an additional 6,062 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT stock opened at $93.17 on Friday. The company has a market cap of $746.93 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The stock’s fifty day moving average price is $91.52 and its 200-day moving average price is $90.33.

Walmart (NYSE:WMT) last announced its earnings results 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.01%. Walmart’s payout ratio is presently 39.00%.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. This trade represents a 0.34 % decrease in their position. The sale 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 Walmart 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 transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,782 shares of company stock worth $16,785,305. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on WMT shares. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Oppenheimer dropped their target price on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Finally, Truist Financial increased their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

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.