FNY Investment Advisers LLC Makes New $270,000 Investment in Walmart Inc. (NYSE:WMT)

FNY Investment Advisers LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,077 shares of the retailer’s stock, valued at approximately $270,000.

A number of other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter valued at about $37,000. Mizuho Bank Ltd. bought a new position in Walmart during the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new position in Walmart during the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of WMT opened at $94.28 on Tuesday. 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 stock has a market cap of $752.39 billion, a P/E ratio of 39.12, a P/E/G ratio of 4.42 and a beta of 0.69. The business’s 50 day moving average price is $96.04 and its 200-day moving average price is $94.11. Walmart Inc. has a 52 week low of $66.41 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WMT shares. Citigroup reissued a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Evercore ISI boosted their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. DZ Bank upgraded 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. Finally, Telsey Advisory Group restated an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $106.50.

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.