Helium Advisors LLC Invests $404,000 in Walmart Inc. (NYSE:WMT)

Helium Advisors LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,475 shares of the retailer's stock, valued at approximately $404,000.

Several other hedge funds have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% in 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 during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart in the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter worth $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart during the fourth quarter valued at $41,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT traded up $1.05 during trading on Tuesday, hitting $97.39. The stock had a trading volume of 6,478,669 shares, compared to its average volume of 17,817,699. The company has a 50 day moving average price of $92.54 and a 200-day moving average price of $93.12. The firm has a market cap of $779.20 billion, a price-to-earnings ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30. 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 (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, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. As a group, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the sale, the executive vice president now owns 460,672 shares in the company, valued at $44,293,612.80. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,583 shares of company stock valued at $16,701,404 in the last 90 days. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on WMT. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Wells Fargo & Company lifted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.94.

Walmart 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.