Vivaldi Capital Management LP Has $2.06 Million Stock Position in Walmart Inc. (NYSE:WMT)

Vivaldi Capital Management LP boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 47.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,158 shares of the retailer's stock after buying an additional 6,775 shares during the period. Vivaldi Capital Management LP's holdings in Walmart were worth $2,061,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter worth about $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% in the 4th 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 last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Walmart during the fourth quarter worth approximately $41,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% 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 Daniel J. Bartlett sold 1,778 shares of Walmart stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $93.77, for a total value of $166,723.06. Following the completion of the transaction, the executive vice president now owns 652,737 shares in the company, valued at $61,207,148.49. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,035 shares of company stock valued at $12,445,082 over the last ninety days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James lowered their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Mizuho assumed coverage on shares of Walmart in a research note on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective on the stock. Roth Mkm reiterated a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Two 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 stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $104.94.

Walmart Stock Down 0.3%

Shares of WMT traded down $0.31 during mid-day trading on Tuesday, reaching $97.81. The company's stock had a trading volume of 15,595,679 shares, compared to its average volume of 17,857,220. The company has a market cap of $782.57 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. 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 business has a fifty day moving average of $91.72 and a 200 day moving average of $92.70.

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

Walmart Announces Dividend

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

About Walmart

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.