Elevatus Welath Management Purchases 1,562 Shares of Walmart Inc. (NYSE:WMT)

Elevatus Welath Management boosted its holdings in Walmart Inc. (NYSE:WMT) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,671 shares of the retailer’s stock after buying an additional 1,562 shares during the quarter. Elevatus Welath Management’s holdings in Walmart were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WMT. Norges Bank acquired a new position in shares of Walmart during the fourth quarter worth $5,737,355,000. Raymond James Financial Inc. bought a new position in Walmart during the 4th quarter worth $2,306,627,000. Jennison Associates LLC lifted its holdings in Walmart by 37.1% during the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock worth $2,289,419,000 after buying an additional 6,860,189 shares during the period. Bank of New York Mellon Corp grew its position in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock valued at $324,410,000 after buying an additional 3,512,368 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,782 shares of company stock valued at $16,785,305. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $93.17 on Friday. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $746.93 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The stock’s fifty day simple moving average is $91.52 and its two-hundred day simple moving average is $90.26.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Citigroup reissued a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.58.

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.