Eaton Financial Holdings Company LLC Has $1.58 Million Position in Walmart Inc. (NYSE:WMT)

Key Points

• Eaton Financial Holdings Company LLC has reduced its stake in Walmart by 17.8%, now holding 18,008 shares valued at approximately $1.58 million according to its latest SEC filing.
• Walmart reported earnings per share of $0.61 in its latest quarterly earnings, exceeding analysts' estimates and reflecting a 2.5% year-over-year revenue increase.
• The company announced a dividend of $0.235 per share, with a yield of 90.0%, to be paid on September 2nd, 2023, with shareholders needing to be on record by August 18th.

Eaton Financial Holdings Company LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,008 shares of the retailer's stock after selling 3,906 shares during the period. Eaton Financial Holdings Company LLC's holdings in Walmart were worth $1,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new position in Walmart in the 1st quarter worth $2,532,331,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 7,860,306 shares during the period. Goldman Sachs Group Inc. raised its holdings in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock worth $371,295,000 after acquiring an additional 4,214,661 shares during the period. Finally, Northern Trust Corp raised its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Trading Down 0.9%

WMT opened at $99.96 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company has a market cap of $797.72 billion, a price-to-earnings ratio of 42.72, a price-to-earnings-growth ratio of 4.84 and a beta of 0.66. The firm has a 50 day simple moving average of $97.60 and a 200 day simple moving average of $95.59. Walmart Inc. has a fifty-two week low of $72.52 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio is presently 40.17%.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, the executive vice president owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,334 shares of company stock valued at $13,913,350. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $112.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Mizuho reiterated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Wednesday. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a report on Thursday. DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. One research analyst has rated the stock with a hold rating, thirty-one 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 currently has a consensus rating of "Buy" and a consensus target price of $107.47.

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.

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