Vermillion Wealth Management Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Vermillion Wealth Management Inc. acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,695 shares of the retailer's stock, valued at approximately $786,000.

Several other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart during the fourth quarter worth $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the 4th quarter worth $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a research note on Wednesday. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $104.94.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 460,672 shares of the company's stock, valued at $44,293,612.80. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,583 shares of company stock valued at $16,701,404 over the last 90 days. Insiders own 45.58% of the company's stock.

Walmart Stock Performance

NYSE WMT opened at $96.49 on Friday. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The stock has a market cap of $772.00 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The business has a fifty day moving average of $92.33 and a 200-day moving average of $92.97. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

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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