Walmart Inc. (NYSE:WMT) Shares Acquired by Apella Capital LLC

Apella Capital LLC lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 99.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,238 shares of the retailer's stock after purchasing an additional 8,106 shares during the period. Apella Capital LLC's holdings in Walmart were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter valued at about $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the 4th quarter worth about $41,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after buying an additional 150 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Down 0.5%

WMT traded down $0.50 on Friday, reaching $97.46. The company's stock had a trading volume of 15,583,112 shares, compared to its average volume of 17,882,161. The company has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $105.30. The stock has a 50 day moving average of $94.53 and a two-hundred day moving average of $93.76.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research note on Wednesday, May 21st. Finally, Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $105.16.

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.