Mitchell Capital Management Co. Has $7.27 Million Stake in Walmart Inc. (NYSE:WMT)

Mitchell Capital Management Co. decreased its holdings in Walmart Inc. (NYSE:WMT) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,499 shares of the retailer’s stock after selling 1,942 shares during the period. Walmart comprises 1.3% of Mitchell Capital Management Co.’s portfolio, making the stock its 19th largest holding. Mitchell Capital Management Co.’s holdings in Walmart were worth $7,273,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Levin Capital Strategies L.P. grew its stake in shares of Walmart by 1.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 146,041 shares of the retailer’s stock valued at $13,195,000 after buying an additional 2,166 shares in the last quarter. Sherman Asset Management Inc. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $677,000. Onefund LLC grew its stake in shares of Walmart by 2.9% in the 4th quarter. Onefund LLC now owns 11,730 shares of the retailer’s stock valued at $1,060,000 after buying an additional 327 shares in the last quarter. Nixon Peabody Trust Co. grew its stake in shares of Walmart by 1.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 198,763 shares of the retailer’s stock valued at $17,958,000 after buying an additional 2,761 shares in the last quarter. Finally, Middleton & Co. Inc. MA grew its stake in shares of Walmart by 1.4% in the 4th quarter. Middleton & Co. Inc. MA now owns 10,211 shares of the retailer’s stock valued at $923,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 188,777 shares of company stock worth $17,934,726 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WMT shares. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein upped their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Performance

Shares of NYSE WMT opened at $98.65 on Friday. The business has a fifty day simple moving average of $95.90 and a 200 day simple moving average of $87.58. 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 firm has a market capitalization of $792.52 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $58.20 and a one year high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.95%. Walmart’s dividend payout ratio is currently 39.00%.

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.