Investment Management Corp VA ADV Invests $55,000 in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Investment Management Corp VA ADV bought a new stake in shares of Walmart Inc. (NYSE:WMT – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 612 shares of the retailer’s stock, valued at approximately $55,000.

Several other hedge funds have also modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth $37,000. Finally, Mizuho Bank Ltd. acquired a new position in Walmart in the 4th quarter worth $41,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT opened at $95.95 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30. The company’s fifty day moving average price is $92.12 and its 200 day moving average price is $92.82. The company has a market capitalization of $767.69 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

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

Walmart Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on WMT. DA Davidson restated a “buy” rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. KeyCorp increased their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Two research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.94.

Get Our Latest Stock Report on Walmart

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president now owns 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,435 shares of company stock valued at $13,886,290. 45.58% of the stock is owned by company insiders.

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.

Further Reading

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