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

Elite Financial Inc. acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,612 shares of the retailer's stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in Walmart during the fourth quarter worth $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart during the fourth quarter worth $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, 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 completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,583 shares of company stock valued at $16,701,404. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WMT shares. Royal Bank of Canada reiterated an "outperform" rating and set a $102.00 price target on shares of Walmart in a research note on Friday, May 16th. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.

Walmart Stock Up 0.6%

WMT opened at $96.49 on Tuesday. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $772.00 billion, a P/E ratio of 40.04, a P/E/G ratio of 4.42 and a beta of 0.70. The stock has a fifty day moving average of $92.54 and a 200-day moving average of $93.12.

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

Walmart Announces Dividend

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

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