Elite Financial Inc. Invests $327,000 in Walmart Inc. (NYSE:WMT)

Elite Financial Inc. purchased a new stake 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. The institutional investor purchased 3,612 shares of the retailer's stock, valued at approximately $327,000.

Other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC increased its stake in shares of 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 last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at about $37,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $41,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on WMT shares. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $102.00 price target on shares of Walmart in a report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,583 shares of company stock worth $16,701,404. Company insiders own 45.58% of the company's stock.

Walmart Stock Down 0.4%

NYSE:WMT traded down $0.35 during mid-day trading on Wednesday, reaching $97.23. The stock had a trading volume of 11,099,384 shares, compared to its average volume of 17,850,144. The company has a market capitalization of $777.93 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The stock's 50 day simple moving average is $92.77 and its two-hundred day simple moving average is $93.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

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.