Vista Investment Partners LLC Has $1.76 Million Stake in Walmart Inc. (NYSE:WMT)

Vista Investment Partners LLC decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 32.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,026 shares of the retailer's stock after selling 9,529 shares during the quarter. Vista Investment Partners LLC's holdings in Walmart were worth $1,758,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter worth about $25,000. Horizon Financial Services LLC increased its position in 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 buying an additional 262 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Walmart during the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Truist Financial raised their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Roth Mkm reiterated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT stock opened at $94.28 on Tuesday. Walmart Inc. has a 52 week low of $66.41 and a 52 week high of $105.30. The stock has a market capitalization of $752.39 billion, a PE ratio of 39.12, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock's fifty day moving average is $96.04 and its 200-day moving average is $94.11.

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, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.