Fox Run Management L.L.C. Takes $510,000 Position in Walmart Inc. $WMT

Key Points

• Fox Run Management L.L.C. has acquired a new position in Walmart, purchasing 5,811 shares valued at approximately $510,000.
• Walmart recently reported earnings of $0.61 EPS for the quarter, exceeding analyst expectations, and had revenue of $165.61 billion.
• The company declared a dividend of $0.235 per share to be paid on September 2nd, which reflects a strong dividend yield of 90.0%.

Fox Run Management L.L.C. purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,811 shares of the retailer's stock, valued at approximately $510,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC increased its holdings in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares during the period. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the period. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $35,000. Finally, Lipe & Dalton grew its stake in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 0.9%

NYSE WMT opened at $99.96 on Monday. Walmart Inc. has a 52 week low of $72.52 and a 52 week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The business's fifty day simple moving average is $97.60 and its 200-day simple moving average is $95.56. The firm has a market cap of $797.72 billion, a PE ratio of 42.72, a P/E/G ratio of 4.80 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping 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 analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business 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. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart's payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Evercore ISI raised their price objective on shares of Walmart from $107.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Thursday. Mizuho reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Finally, Oppenheimer raised their price objective on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $109.29.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,334 shares of company stock worth $13,526,350 in the last quarter. 0.10% of the stock is currently owned by insiders.

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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