Walmart Inc. (NYSE:WMT) Shares Acquired by AlphaQ Advisors LLC

AlphaQ Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,758 shares of the retailer’s stock after acquiring an additional 125 shares during the quarter. Walmart accounts for about 2.4% of AlphaQ Advisors LLC’s holdings, making the stock its 14th biggest holding. AlphaQ Advisors LLC’s holdings in Walmart were worth $882,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Novem Group acquired a new position in Walmart in the fourth quarter valued at $6,473,000. 10Elms LLP purchased a new position in Walmart in the fourth quarter valued at about $89,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Walmart by 11.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,094,812 shares of the retailer’s stock worth $98,916,000 after buying an additional 108,437 shares during the last quarter. Kolinsky Wealth Management LLC raised its position in shares of Walmart by 6.3% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,339 shares of the retailer’s stock worth $482,000 after purchasing an additional 318 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in Walmart by 68.3% in the 4th quarter. Continuum Advisory LLC now owns 62,557 shares of the retailer’s stock valued at $5,652,000 after purchasing an additional 25,378 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,778 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $93.77, for a total transaction of $166,723.06. Following the transaction, the executive vice president now directly owns 652,737 shares of the company’s stock, valued at $61,207,148.49. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,035 shares of company stock worth $12,445,082 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. UBS Group reduced their target price on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.94.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.81 on Wednesday. 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 one year low of $64.16 and a one year high of $105.30. The company has a market capitalization of $782.57 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The stock has a fifty day moving average of $91.72 and a 200-day moving average of $92.70.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

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.