Elevation Point Wealth Partners LLC Acquires 8,041 Shares of Walmart Inc. (NYSE:WMT)

Elevation Point Wealth Partners LLC lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 217.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,743 shares of the retailer's stock after buying an additional 8,041 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Walmart were worth $1,031,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC increased its stake in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank acquired a new position in Walmart during the 4th quarter valued at about $5,737,355,000. Fisher Asset Management LLC increased its stake in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after buying an additional 1,133,201 shares during the period. Finally, Northern Trust Corp increased its stake in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after buying an additional 3,550,037 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Walmart stock traded down $0.63 during mid-day trading on Friday, reaching $94.20. The company had a trading volume of 18,672,575 shares, compared to its average volume of 17,944,516. 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 52 week low of $66.41 and a 52 week high of $105.30. The company has a 50 day moving average of $95.79 and a 200-day moving average of $94.08. The firm has a market cap of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69.

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

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WMT shares. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Piper Sandler boosted 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. UBS Group dropped their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

About Walmart

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.