Elevatus Welath Management Increases Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Elevatus Wealth Management increased its holdings in Walmart Inc. by 170.2% during the first quarter, acquiring an additional 11,356 shares for a total of 18,027 shares valued at approximately $1.58 million.
• The company reported earnings of $0.61 per share for its most recent quarter, surpassing analysts' expectations and indicating a 2.5% year-over-year revenue growth to $165.61 billion.
• Walmart has announced a upcoming dividend of $0.235 per share, with an ex-dividend date set for August 15th, representing a 90.0% dividend yield.

Elevatus Welath Management increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 170.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,027 shares of the retailer's stock after acquiring an additional 11,356 shares during the quarter. Walmart comprises 0.9% of Elevatus Welath Management's investment portfolio, making the stock its 27th largest holding. Elevatus Welath Management's holdings in Walmart were worth $1,583,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Whelan Financial boosted its position in shares of Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after purchasing an additional 102 shares during the period. Scott & Selber Inc. grew its stake in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares during the period. Capital Advisors Wealth Management LLC grew its stake in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after acquiring an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC grew its stake in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,334 shares of company stock worth $13,913,350 over the last quarter. Company insiders own 0.10% of the company's stock.

Walmart Stock Down 0.9%

WMT stock opened at $99.96 on Friday. The company has a market cap of $797.72 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 4.84 and a beta of 0.66. The company has a 50 day moving average of $97.60 and a two-hundred day moving average of $95.59. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $72.52 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released 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. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Analyst Ratings Changes

A number of research analysts have weighed in on WMT shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Tigress Financial raised their price objective on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Robert W. Baird raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $107.47.

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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