Hamel Associates Inc. Has $14.55 Million Stock Position in Walmart Inc. (NYSE:WMT)

Hamel Associates Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,748 shares of the retailer's stock after selling 37,480 shares during the period. Walmart accounts for approximately 4.9% of Hamel Associates Inc.'s portfolio, making the stock its 2nd biggest position. Hamel Associates Inc.'s holdings in Walmart were worth $14,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WMT. World Investment Advisors increased its stake in shares of Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Full Sail Capital LLC grew its position in Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after acquiring an additional 541 shares during the last quarter. Leslie Global Wealth LLC lifted its holdings in Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after buying an additional 568 shares in the last quarter. Scalar Gauge Management LLC lifted its holdings in Walmart by 76.9% during the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after buying an additional 30,000 shares in the last quarter. Finally, Monument Capital Management lifted its stake in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after purchasing an additional 26,685 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT traded up $0.85 during midday trading on Friday, reaching $97.45. 12,845,633 shares of the company were exchanged, compared to its average volume of 13,524,539. The stock's 50-day moving average price is $96.77 and its 200-day moving average price is $94.77. The stock has a market cap of $777.72 billion, a P/E ratio of 41.65, a PEG ratio of 4.65 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

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

Walmart Announces Dividend

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

Analyst Ratings Changes

WMT has been the subject of a number of research reports. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the transaction, the chief executive officer owned 4,431,783 shares in the company, valued at $430,724,989.77. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,696 shares of company stock valued at $12,222,245 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart 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.