Aigen Investment Management LP Makes New $1.45 Million Investment in Walmart Inc. (NYSE:WMT)

Aigen Investment Management LP purchased a new position in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,008 shares of the retailer’s stock, valued at approximately $1,446,000.

Other large investors have also bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter worth $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WMT shares. BMO Capital Markets lifted their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Truist Financial lifted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Telsey Advisory Group reiterated an “outperform” 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average target price of $103.07.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock valued at $17,657,316 over the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

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

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 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.