Alta Advisers Ltd Acquires 7,700 Shares of Walmart Inc. (NYSE:WMT)

Alta Advisers Ltd increased its position in Walmart Inc. (NYSE:WMTFree Report) by 213.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,300 shares of the retailer’s stock after buying an additional 7,700 shares during the quarter. Alta Advisers Ltd’s holdings in Walmart were worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WMT. Authentikos Wealth Advisory LLC purchased a new position in Walmart in the 3rd quarter worth approximately $25,000. Partnership Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth approximately $30,000. Able Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart in the 4th quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in Walmart in the 4th quarter worth approximately $35,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.97 during midday trading on Tuesday, reaching $65.15. 16,967,040 shares of the company’s stock traded hands, compared to its average volume of 18,832,119. The company has a market cap of $524.98 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 4.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a one year low of $48.34 and a one year high of $65.19. The stock has a 50 day moving average of $60.48 and a 200 day moving average of $56.65.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, equities research analysts anticipate that Walmart Inc. will post 2.39 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is presently 35.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank of Canada lifted their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Stifel Nicolaus boosted their target price on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets boosted their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America boosted their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. Finally, Telsey Advisory Group boosted their target price on Walmart from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.01.

Get Our Latest Research Report on WMT

Insider Activity at Walmart

In related news, Director S Robson Walton sold 14,685,327 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares in the company, valued at $38,473,631,458.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director S Robson Walton sold 14,685,327 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares in the company, valued at $38,473,631,458.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the sale, the insider now owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,559,390 shares of company stock worth $1,924,568,769. 46.51% of the stock is owned by 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

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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