Investment Management Corp VA ADV Purchases Shares of 612 Walmart Inc. (NYSE:WMT)

Investment Management Corp VA ADV acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 612 shares of the retailer’s stock, valued at approximately $55,000.

A number of other institutional investors also recently bought and sold shares of the stock. World Investment Advisors increased its position in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. grew its position in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after acquiring an additional 9,292 shares during the period. Cushing Capital Partners LLC purchased a new position in shares of Walmart in the fourth quarter worth about $1,124,000. Finally, Campbell Wealth Management purchased a new stake in Walmart in the fourth quarter valued at $359,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value 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. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,435 shares of company stock worth $13,886,290 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $95.95 on Friday. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30. The firm has a 50 day simple moving average of $92.12 and a 200-day simple moving average of $92.82. The firm has a market cap of $767.69 billion, a PE ratio of 39.81, a P/E/G ratio of 4.42 and a beta of 0.70. 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 (NYSE:WMT) last announced 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 net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued 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 dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WMT shares. Raymond James decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lowered 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. Finally, KeyCorp lifted their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.94.

About Walmart

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.