CVA Family Office LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

CVA Family Office LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 28,827 shares of the retailer’s stock after buying an additional 628 shares during the period. CVA Family Office LLC’s holdings in Walmart were worth $2,531,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC increased its holdings 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. Noble Wealth Management PBC acquired a new position in shares of Walmart in the fourth quarter valued at about $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the fourth quarter valued at about $41,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Walmart in the first quarter valued at about $49,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Down 0.7%

WMT opened at $94.20 on Friday. Walmart Inc. has a 12 month low of $66.30 and a 12 month high of $105.30. The stock has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. 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 fifty day moving average price of $95.79 and a 200 day moving average price of $94.06.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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 company had revenue of $165.61 billion during 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%. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WMT shares. Raymond James cut their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated 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 approximately $62,421,282. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company’s stock, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,534 shares of company stock valued at $12,833,664. Insiders own 45.58% of the company’s stock.

Walmart 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.