Hexagon Capital Partners LLC Sells 3,154 Shares of Walmart Inc. (NYSE:WMT)

Hexagon Capital Partners LLC cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 0.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,314,705 shares of the retailer's stock after selling 3,154 shares during the period. Walmart makes up approximately 38.5% of Hexagon Capital Partners LLC's holdings, making the stock its biggest position. Hexagon Capital Partners LLC's holdings in Walmart were worth $203,208,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WMT. Norges Bank acquired a new position in shares of Walmart in the 4th quarter valued at $5,737,355,000. GAMMA Investing LLC raised its stake in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Northern Trust Corp raised its stake in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Walmart by 1,707.6% in the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after buying an additional 3,512,368 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Walmart by 48.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after buying an additional 3,182,477 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. KeyCorp increased their target price on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.67.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on 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 directly owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock valued at $13,710,319 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 0.9%

WMT traded up $0.91 during trading on Monday, reaching $99.27. The company had a trading volume of 12,918,621 shares, compared to its average volume of 18,048,354. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The business's fifty day moving average price is $97.14 and its 200 day moving average price is $94.36. The company has a market cap of $792.22 billion, a P/E ratio of 42.42, a PEG ratio of 4.73 and a beta of 0.68.

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

Walmart Announces Dividend

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

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.