Walmart Inc. (NYSE:WMT) Stock Holdings Increased by Versant Capital Management Inc

Versant Capital Management Inc boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 74.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,160 shares of the retailer's stock after acquiring an additional 6,893 shares during the quarter. Versant Capital Management Inc's holdings in Walmart were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its holdings in shares of 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 period. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Oppenheimer raised 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. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Walmart Trading Up 1.1%

Shares of WMT stock traded up $1.10 during mid-day trading on Monday, hitting $99.82. 16,974,523 shares of the company's stock were exchanged, compared to its average volume of 17,886,540. Walmart Inc. has a fifty-two week low of $65.16 and a fifty-two week high of $105.30. The stock has a 50-day simple moving average of $93.76 and a two-hundred day simple moving average of $93.58. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $798.64 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

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.