Everpar Advisors LLC Makes New $953,000 Investment in Walmart Inc. (NYSE:WMT)

Everpar Advisors LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,043 shares of the retailer’s stock, valued at approximately $953,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Authentikos Wealth Advisory LLC bought a new stake in shares of Walmart in the third quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at about $35,000. Kepos Capital LP bought a new stake in shares of Walmart in the third quarter valued at about $40,000. Milestone Investment Advisors LLC bought a new stake in shares of Walmart in the third quarter valued at about $41,000. Finally, Fortitude Family Office LLC acquired a new position in Walmart in the fourth quarter valued at about $45,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Oppenheimer dropped their price target on Walmart to $67.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Walmart in a research note on Wednesday, March 27th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Finally, Evercore ISI dropped their price target on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.94.

Walmart Stock Performance

Shares of Walmart stock traded down $0.32 during trading hours on Wednesday, hitting $60.30. 10,889,715 shares of the company’s stock traded hands, compared to its average volume of 18,387,223. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65. The stock has a market capitalization of $485.90 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 3.91 and a beta of 0.49. The company has a fifty day simple moving average of $60.08 and a 200-day simple moving average of $56.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.38%. Walmart’s dividend payout ratio is presently 43.38%.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the sale, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the transaction, the director now owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,019,140 shares of company stock worth $1,696,045,631. 46.51% of the stock is currently owned by corporate insiders.

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.