Elyxium Wealth LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,692 shares of the retailer's stock, valued at approximately $324,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Eagle Capital Management LLC raised its position in shares of Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after acquiring an additional 321 shares during the period. Brighton Jones LLC raised its position in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares during the period. Highview Capital Management LLC DE raised its position in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $242,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on WMT shares. Oppenheimer raised 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. 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. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Royal Bank Of Canada restated an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Finally, Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two research 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 company's stock. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $106.67.
Read Our Latest Research Report on WMT
Walmart Stock Performance
NYSE:WMT opened at $95.01 on Friday. The stock has a market cap of $758.22 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average is $96.81 and its 200-day moving average is $94.65. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.
Insiders Place Their Bets
In related news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the sale, the chief executive officer owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,695 shares of company stock worth $13,710,162 in the last three months. 45.58% of the stock is owned by corporate insiders.
About Walmart
(
Free Report)
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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