Inceptionr LLC Grows Position in Walmart Inc. (NYSE:WMT)

Inceptionr LLC increased its position in Walmart Inc. (NYSE:WMT) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,230 shares of the retailer’s stock after purchasing an additional 5,983 shares during the quarter. Walmart makes up about 0.4% of Inceptionr LLC’s investment portfolio, making the stock its 21st largest holding. Inceptionr LLC’s holdings in Walmart were worth $2,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter valued at $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter valued at $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter valued at $32,000. Finally, Hara Capital LLC purchased a new position in Walmart during the third quarter valued at $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 in the last ninety days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WMT shares. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. One equities 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Stock Performance

Shares of WMT opened at $96.00 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The business has a 50-day simple moving average of $96.15 and a two-hundred day simple moving average of $88.09. The stock has a market cap of $771.16 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released 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 firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is presently 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.