Napa Wealth Management Has $2.99 Million Holdings in Walmart Inc. (NYSE:WMT)

Napa Wealth Management raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,036 shares of the retailer's stock after buying an additional 4,467 shares during the quarter. Walmart comprises 1.3% of Napa Wealth Management's investment portfolio, making the stock its 11th largest holding. Napa Wealth Management's holdings in Walmart were worth $2,985,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. World Investment Advisors lifted its position in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. raised its stake in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Modera Wealth Management LLC raised its stake in Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new position in Walmart during the fourth quarter worth $1,124,000. Finally, Campbell Wealth Management acquired a new stake in shares of Walmart in the fourth quarter valued at $359,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $102.00 target price on shares of Walmart in a research note on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. Truist Financial decreased their price objective on Walmart from $111.00 to $107.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Guggenheim reiterated a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.94.

Walmart Trading Up 0.0%

Shares of WMT stock opened at $96.75 on Tuesday. The company has a market cap of $774.09 billion, a P/E ratio of 40.15, a PEG ratio of 4.42 and a beta of 0.70. The stock has a 50 day simple moving average of $90.68 and a two-hundred day simple moving average of $92.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 39.00%.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the sale, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,857 shares of company stock valued at $12,444,743. Insiders own 45.58% of the company's stock.

Walmart Company 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.

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