Coastline Trust Co Boosts Holdings in Walmart Inc. (NYSE:WMT)

Coastline Trust Co boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,662 shares of the retailer's stock after buying an additional 7,310 shares during the quarter. Coastline Trust Co's holdings in Walmart were worth $3,855,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Dnca Finance acquired a new position in shares of Walmart during the 4th quarter worth approximately $20,991,000. Elevatus Welath Management increased its stake in shares of Walmart by 30.6% in the fourth quarter. Elevatus Welath Management now owns 6,671 shares of the retailer's stock valued at $603,000 after buying an additional 1,562 shares during the period. First Trust Advisors LP lifted its holdings in shares of Walmart by 8.7% during the fourth quarter. First Trust Advisors LP now owns 2,996,064 shares of the retailer's stock worth $270,694,000 after purchasing an additional 238,714 shares during the period. Forum Financial Management LP grew its position in shares of Walmart by 4.0% in the 4th quarter. Forum Financial Management LP now owns 75,100 shares of the retailer's stock valued at $6,785,000 after buying an additional 2,897 shares during the last quarter. Finally, Generation Capital Management LLC bought a new position in Walmart during the fourth quarter worth $2,115,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, January 23rd. The stock was 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 in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 178,782 shares of company stock valued at $16,785,305 over the last ninety days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Morgan Stanley restated an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Raymond James dropped their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Walmart Stock Down 0.3 %

NYSE WMT traded down $0.29 on Wednesday, hitting $94.56. The stock had a trading volume of 10,340,440 shares, compared to its average volume of 17,809,910. The stock has a market cap of $758.07 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 business's fifty day moving average price is $91.09 and its 200 day moving average price is $90.51. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced 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. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share 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 given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

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.