Berry Wealth Group LP Makes New Investment in Walmart Inc. (NYSE:WMT)

Berry Wealth Group LP bought a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,620 shares of the retailer’s stock, valued at approximately $3,724,000. Walmart accounts for approximately 3.4% of Berry Wealth Group LP’s holdings, making the stock its 12th biggest position.

Several other institutional investors have also made changes to their positions in WMT. SeaTown Holdings Pte. Ltd. lifted its position in shares of Walmart by 26.6% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock worth $40,398,000 after purchasing an additional 53,000 shares in the last quarter. Railway Pension Investments Ltd lifted its position in Walmart by 28.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after buying an additional 167,800 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Walmart by 1.5% during the 3rd quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock valued at $235,608,000 after buying an additional 21,899 shares during the period. Capital Wealth Planning LLC boosted its position in Walmart by 32.5% during the third quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock valued at $338,602,000 after purchasing an additional 518,896 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock worth $7,751,000 after purchasing an additional 325 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.28 on Wednesday, hitting $59.07. The stock had a trading volume of 6,383,338 shares, compared to its average volume of 18,552,398. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The company has a market capitalization of $476.09 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 3.93 and a beta of 0.49. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65. The firm’s 50 day moving average price is $59.99 and its 200-day moving average price is $55.90.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.36 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is presently 43.38%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the sale, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 345,000 shares of Walmart stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the transaction, the insider now owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The transaction 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 company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the sale, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,019,140 shares of company stock worth $1,696,035,551. Insiders own 46.51% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Morgan Stanley reduced their target price on shares of Walmart to $66.67 and set an “overweight” rating for the company in a research note on Monday, February 26th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Oppenheimer reduced their price target on Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Tigress Financial lifted their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

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.