MassMutual Private Wealth & Trust FSB Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

MassMutual Private Wealth & Trust FSB trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 394,187 shares of the retailer's stock after selling 3,856 shares during the period. Walmart accounts for 1.0% of MassMutual Private Wealth & Trust FSB's portfolio, making the stock its 22nd largest holding. MassMutual Private Wealth & Trust FSB's holdings in Walmart were worth $34,606,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WMT. Tallon Kerry Patrick purchased a new position in shares of Walmart in the fourth quarter worth about $252,000. LaFleur & Godfrey LLC grew its stake in shares of Walmart by 1.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after buying an additional 992 shares in the last quarter. Eagle Capital Management LLC grew its stake in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of Walmart by 11.8% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 10,009 shares of the retailer's stock valued at $904,000 after purchasing an additional 1,054 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents a 0.65% 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, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,334 shares of company stock valued at $12,615,864 over the last 90 days. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.

Walmart Stock Up 1.5%

Walmart stock traded up $1.47 during mid-day trading on Friday, hitting $98.57. The company had a trading volume of 29,968,085 shares, compared to its average volume of 17,929,068. 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 stock's 50 day moving average price is $93.19 and its two-hundred day moving average price is $93.26. Walmart Inc. has a 12 month low of $64.16 and a 12 month high of $105.30. The company has a market capitalization of $788.65 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

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.