MV Capital Management Inc. Has $5.19 Million Position in Walmart Inc. (NYSE:WMT)

MV Capital Management Inc. increased its stake in shares of Walmart Inc. (NYSE:WMT) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,117 shares of the retailer’s stock after buying an additional 1,149 shares during the quarter. MV Capital Management Inc.’s holdings in Walmart were worth $5,190,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC grew 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 worth $26,000 after buying an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Walmart during the fourth quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the 4th quarter valued at $41,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Walmart by 40.0% in 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 in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 5th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.68.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the sale, the executive vice president now owns 1,064,455 shares of the company’s stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock worth $12,833,664 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $97.34 on Wednesday. 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 business has a 50-day simple moving average of $95.06 and a 200 day simple moving average of $93.99. The firm has a market capitalization of $778.81 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $65.90 and a one year high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $164.53 billion. During the same period in the prior year, the firm posted $0.60 EPS. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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