Davis Capital Management Sells 1,134 Shares of Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Davis Capital Management decreased its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,208 shares of the retailer’s stock after selling 1,134 shares during the period. Walmart comprises about 1.6% of Davis Capital Management’s investment portfolio, making the stock its 17th biggest holding. Davis Capital Management’s holdings in Walmart were worth $1,950,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the firm’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 completion of the sale, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WMT shares. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Stifel Nicolaus cut their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. Finally, Robert W. Baird lifted their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $105.16.

View Our Latest Stock Analysis on WMT

Walmart Price Performance

NYSE:WMT opened at $97.82 on Friday. The business’s 50-day moving average is $94.53 and its 200 day moving average is $93.76. Walmart Inc. has a 12 month low of $65.64 and a 12 month high of $105.30. The company has a market capitalization of $782.64 billion, a P/E ratio of 40.59, a P/E/G 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.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

About Walmart

(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.

See Also

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).