Axecap Investments LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,458 shares of the retailer's stock after selling 4,484 shares during the period. Walmart makes up approximately 3.0% of Axecap Investments LLC's portfolio, making the stock its 9th largest position. Axecap Investments LLC's holdings in Walmart were worth $3,552,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. World Investment Advisors lifted its stake in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after buying an additional 19,233 shares during the last quarter. Candriam S.C.A. lifted its stake in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after buying an additional 599,257 shares during the last quarter. Modera Wealth Management LLC increased its stake in Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after purchasing an additional 9,292 shares during the period. Cushing Capital Partners LLC acquired a new position in Walmart in the fourth quarter valued at $1,124,000. Finally, Campbell Wealth Management acquired a new position in Walmart in the fourth quarter valued at $359,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Walmart Price Performance
WMT traded down $1.00 on Thursday, hitting $94.80. 17,813,539 shares of the company were exchanged, compared to its average volume of 17,893,103. Walmart Inc. has a fifty-two week low of $65.95 and a fifty-two week high of $105.30. The firm has a market capitalization of $758.48 billion, a P/E ratio of 39.34, a price-to-earnings-growth 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 business's fifty day moving average is $95.31 and its 200 day moving average is $94.01.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on WMT shares. Oppenheimer lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Raymond James dropped their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Mizuho lifted their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two equities research 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 company. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.
Get Our Latest Report on Walmart
Insider Buying and Selling at Walmart
In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 over the last quarter. Corporate insiders own 45.58% of the company's stock.
About Walmart
(
Free Report)
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.
Featured Articles
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
