TCG Advisory Services LLC Purchases 58,707 Shares of Walmart Inc. (NYSE:WMT)

TCG Advisory Services LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 188.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,880 shares of the retailer’s stock after buying an additional 58,707 shares during the quarter. Walmart accounts for approximately 1.0% of TCG Advisory Services LLC’s investment portfolio, making the stock its 22nd biggest holding. TCG Advisory Services LLC’s holdings in Walmart were worth $14,170,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WMT. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Walmart by 24.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after purchasing an additional 15,448 shares during the period. SeaTown Holdings Pte. Ltd. raised its holdings in shares of Walmart by 26.6% in the 3rd 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 during the period. Railway Pension Investments Ltd raised its holdings in shares of 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 purchasing an additional 167,800 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Walmart by 1.5% in the 3rd quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock worth $235,608,000 after purchasing an additional 21,899 shares during the period. Finally, Capital Wealth Planning LLC raised its holdings in shares of Walmart by 32.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after purchasing an additional 518,896 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, SVP David Chojnowski sold 10,950 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.33, for a total value of $638,750.00. Following the sale, the senior vice president now owns 104,346 shares in the company, valued at $6,086,850. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the sale, the chief executive officer now directly owns 4,076,892 shares in the company, valued at $236,187,943.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,019,140 shares of company stock valued at $1,696,045,631. Insiders own 46.51% of the company’s stock.

Walmart Trading Up 0.2 %

Walmart stock traded up $0.11 during mid-day trading on Friday, hitting $59.82. The company’s stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. The stock has a market cap of $482.03 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The business has a 50 day moving average price of $60.06 and a 200-day moving average price of $55.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $61.65.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is 43.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a report on Friday, February 16th. Evercore ISI lowered their target price on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley lowered their target price on shares of Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Walmart 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.