Westover Capital Advisors LLC grew its position in Walmart Inc. (NYSE:WMT - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,810 shares of the retailer's stock after purchasing an additional 8,409 shares during the period. Walmart comprises about 1.0% of Westover Capital Advisors LLC's holdings, making the stock its 24th largest position. Westover Capital Advisors LLC's holdings in Walmart were worth $4,373,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Bear Mountain Capital Inc. lifted its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter worth approximately $35,000. Lipe & Dalton lifted its position in shares of Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares during the period. Finally, Mizuho Bank Ltd. bought a new stake in shares of Walmart in the 4th quarter worth approximately $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Walmart
In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,696 shares of company stock valued at $12,222,245 over the last ninety days. 45.58% of the stock is currently owned by insiders.
Walmart Stock Performance
Shares of NYSE:WMT traded up $0.85 during mid-day trading on Friday, reaching $97.45. The company had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market cap of $777.72 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 4.65 and a beta of 0.68. The company's 50-day moving average price is $96.76 and its 200-day moving average price is $94.81. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Raymond James Financial reduced their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Robert W. Baird boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
View Our Latest Stock Analysis on WMT
Walmart Profile
(
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.
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