Next Level Private LLC Increases Stake in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Next Level Private LLC grew its stake in Walmart Inc. (NYSE:WMT – Free Report) by 18.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,457 shares of the retailer’s stock after buying an additional 533 shares during the quarter. Next Level Private LLC’s holdings in Walmart were worth $303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted its stake in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the 4th quarter worth about $41,000. Finally, Elevation Wealth Partners LLC raised its position in shares of Walmart by 40.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock worth $47,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus cut their target price on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $105.16.

Get Our Latest Stock Report on WMT

Walmart Trading Down 1.5%

NYSE:WMT opened at $97.82 on Friday. The firm has a market cap of $782.64 billion, a P/E ratio of 40.59, a PEG ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $94.53 and its 200-day simple moving average is $93.76. Walmart Inc. has a 12-month low of $65.64 and a 12-month high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last released 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 analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’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 company posted $0.60 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is currently 40.17%.

Walmart Company 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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