Walmart Inc. (NYSE:WMT) Stock Holdings Raised by Nemes Rush Group LLC

Nemes Rush Group LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 258,369 shares of the retailer’s stock after purchasing an additional 8,596 shares during the period. Walmart comprises about 2.9% of Nemes Rush Group LLC’s investment portfolio, making the stock its 7th largest position. Nemes Rush Group LLC’s holdings in Walmart were worth $23,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Brophy Wealth Management LLC bought a new stake in Walmart during the third quarter worth about $2,072,000. Candriam S.C.A. increased its stake in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Modera Wealth Management LLC boosted its position in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,652 shares of company stock worth $16,590,028. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Evercore ISI cut their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $103.17.

Walmart Price Performance

NYSE WMT opened at $87.94 on Tuesday. 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 Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock has a market cap of $704.97 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 4.42 and a beta of 0.53. The company’s 50 day moving average is $94.54 and its two-hundred day moving average is $89.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

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.