M1 Capital Management LLC Takes Position in Walmart Inc. (NYSE:WMT)

M1 Capital Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,762 shares of the retailer's stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter worth about $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.4%

WMT stock traded down $0.35 during trading on Wednesday, reaching $97.23. 11,099,384 shares of the stock were exchanged, compared to its average volume of 17,850,145. The business has a 50 day moving average price of $93.00 and a 200-day moving average price of $93.17. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $777.93 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last issued 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 company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. On average, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current 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 issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WMT. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, February 25th. Mizuho initiated coverage on shares of Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price for the company. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Barclays restated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the sale, the executive vice president now directly owns 632,718 shares of the company's stock, valued at approximately $61,607,751.66. 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, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president now directly owns 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,583 shares of company stock valued at $16,701,404 over the last 90 days. 45.58% of the stock is 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.