Elevatus Welath Management Acquires 1,562 Shares of Walmart Inc. (NYSE:WMT)

Elevatus Welath Management lifted its stake in Walmart Inc. (NYSE:WMT) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,671 shares of the retailer’s stock after acquiring an additional 1,562 shares during the period. Elevatus Welath Management’s holdings in Walmart were worth $603,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after acquiring an additional 98 shares during the last quarter. Coyle Financial Counsel LLC increased its holdings in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. lifted its position in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC grew its holdings in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after buying an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. increased its stake in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Citigroup reissued a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Mizuho started coverage on shares of Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Robert W. Baird boosted their target price on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Three 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’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,782 shares of company stock worth $16,785,305. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 2.2 %

Shares of NYSE WMT opened at $93.17 on Friday. The business has a fifty day moving average price of $91.52 and a 200 day moving average price of $90.26. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $746.93 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is presently 39.00%.

Walmart 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.