Fairvoy Private Wealth LLC Has $4.91 Million Holdings in Walmart Inc. (NYSE:WMT)

Fairvoy Private Wealth LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 55,869 shares of the retailer's stock after selling 6,150 shares during the period. Walmart accounts for about 1.3% of Fairvoy Private Wealth LLC's holdings, making the stock its 18th largest position. Fairvoy Private Wealth LLC's holdings in Walmart were worth $4,905,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC grew its holdings in 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 buying an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new position in Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart during the fourth quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the first quarter valued at approximately $49,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of WMT stock opened at $94.20 on Monday. Walmart Inc. has a 52 week low of $66.41 and a 52 week high of $105.30. The stock has a market capitalization of $751.76 billion, a PE ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. 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 stock's fifty day moving average is $95.79 and its 200-day moving average is $94.09.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company's revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed 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 dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. Raymond James cut their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on 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 directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

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.

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