CV Advisors LLC Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

CV Advisors LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 84.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,480 shares of the retailer's stock after selling 24,388 shares during the quarter. Walmart comprises about 0.1% of CV Advisors LLC's investment portfolio, making the stock its 28th largest holding. CV Advisors LLC's holdings in Walmart were worth $363,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at about $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart in the 1st quarter valued at $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 1.1%

Shares of WMT opened at $96.16 on Monday. The firm has a market cap of $767.41 billion, a P/E ratio of 41.10, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30. The company's 50-day moving average price is $96.39 and its 200 day moving average price is $94.14. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, sell-side 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 dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WMT shares. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. DA Davidson reissued a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Finally, Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president now directly owns 650,977 shares in the company, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock worth $12,656,659 over the last three months. Company insiders own 45.58% of the company's stock.

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.

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