Elevation Point Wealth Partners LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Elevation Point Wealth Partners LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 217.2% in the 1st quarter, HoldingsChannel reports. The firm owned 11,743 shares of the retailer’s stock after buying an additional 8,041 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Walmart were worth $1,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Norges Bank purchased a new stake in shares of Walmart in the 4th quarter worth about $5,737,355,000. Raymond James Financial Inc. purchased a new stake in shares of Walmart in the 4th quarter worth about $2,306,627,000. GAMMA Investing LLC lifted its position in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the period. Bank of New York Mellon Corp lifted 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 worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Finally, Northern Trust Corp lifted its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.7%

Shares of WMT stock opened at $94.20 on Friday. Walmart Inc. has a 1 year low of $66.41 and a 1 year high of $105.30. The firm has a fifty day moving average price of $95.79 and a 200-day moving average price of $94.08. 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 company has a market cap of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is 40.17%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, June 9th. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Raymond James lowered their price target 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. Evercore ISI lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Roth Mkm reissued a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president now owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by corporate insiders.

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.