Invictus Private Wealth LLC Has $11.70 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Invictus Private Wealth LLC reduced its stake in Walmart by 2.7% during the 1st quarter, holding a total of 133,273 shares valued at approximately $11.7 million.
• Insider sales were notable, with CEO C Douglas McMillon selling 29,148 shares and EVP Kathryn J. Mclay selling 28,000 shares, indicating a decrease in their ownership stakes.
• Walmart recently declared a dividend of $0.235 per share, leading to a dividend yield of 95.0%, with its payout ratio at 40.17%.

Invictus Private Wealth LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,273 shares of the retailer's stock after selling 3,652 shares during the period. Walmart accounts for about 0.9% of Invictus Private Wealth LLC's holdings, making the stock its 21st largest holding. Invictus Private Wealth LLC's holdings in Walmart were worth $11,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Bear Mountain Capital Inc. raised its stake in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the 1st quarter worth approximately $35,000. Lipe & Dalton grew its holdings 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. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart during the 1st quarter valued at $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 0.4%

Shares of Walmart stock traded up $0.42 on Friday, hitting $98.40. 16,740,547 shares of the company traded hands, compared to its average volume of 12,707,151. The company has a 50-day moving average price of $96.86 and a 200 day moving average price of $95.03. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a market cap of $785.27 billion, a PE ratio of 42.05, a PEG ratio of 4.72 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last released 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. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a yield of 95.0%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Mizuho raised their price objective on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Royal Bank Of Canada restated an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. KeyCorp lifted their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the transaction, the executive vice president directly owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,912 shares of company stock valued at $13,863,813. Corporate insiders own 45.58% of the company's stock.

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.