J. Goldman & Co LP Acquires 34,270 Shares of Walmart Inc. (NYSE:WMT)

J. Goldman & Co LP grew its holdings in Walmart Inc. (NYSE:WMT) by 890.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,118 shares of the retailer’s stock after acquiring an additional 34,270 shares during the quarter. J. Goldman & Co LP’s holdings in Walmart were worth $3,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at $37,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. Mizuho started coverage on Walmart in a research note on Friday, April 11th. They issued an “outperform” rating and a $105.00 target price for the company. Robert W. Baird lifted their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Piper Sandler lifted their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Truist Financial lowered their price objective on Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $103.94.

Walmart Trading Down 0.7%

NYSE WMT opened at $96.78 on Monday. Walmart Inc. has a 12 month low of $59.44 and a 12 month high of $105.30. The stock has a market cap of $774.33 billion, a P/E ratio of 40.16, a P/E/G ratio of 4.42 and a beta of 0.70. The stock’s fifty day moving average price is $90.66 and its 200-day moving average price is $92.04. 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 (NYSE:WMT) last released 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 company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s payout ratio is 39.00%.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the transaction, the executive vice president now owns 632,718 shares of the company’s stock, valued at approximately $61,607,751.66. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,857 shares of company stock valued at $12,444,743 in the last quarter. 45.58% of the stock is currently owned by insiders.

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.