Bernard Wealth Management Corp. Makes New $2.13 Million Investment in Walmart Inc. (NYSE:WMT)

Bernard Wealth Management Corp. bought a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,529 shares of the retailer's stock, valued at approximately $2,126,000. Walmart makes up about 1.0% of Bernard Wealth Management Corp.'s holdings, making the stock its 21st biggest position.

Several other large investors have also recently made changes to their positions in the business. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% during 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 during the period. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter valued at about $27,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter valued at about $37,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter worth about $41,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,334 shares of company stock valued at $12,615,864 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 0.5%

Shares of NYSE:WMT traded up $0.53 on Thursday, hitting $97.77. 4,889,178 shares of the company traded hands, compared to its average volume of 17,799,691. The stock has a 50 day simple moving average of $93.00 and a 200-day simple moving average of $93.17. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $782.21 billion, a PE ratio of 40.55, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30.

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

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Mizuho began coverage on shares of Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 price target for the company. Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, Raymond James lowered their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.

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.