Mattern Capital Management LLC Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Mattern Capital Management LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,206 shares of the retailer's stock after selling 11,160 shares during the period. Walmart accounts for 1.6% of Mattern Capital Management LLC's holdings, making the stock its 6th biggest position. Mattern Capital Management LLC's holdings in Walmart were worth $12,396,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WMT. Norges Bank bought a new stake in Walmart in the 4th quarter valued at $5,737,355,000. Raymond James Financial Inc. bought a new position in Walmart during the 4th quarter worth $2,306,627,000. GAMMA Investing LLC increased its position in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after buying an additional 7,860,306 shares during the period. Bank of New York Mellon Corp increased its position in Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Northern Trust Corp increased its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the transaction, the executive vice president now directly owns 1,060,455 shares in the company, valued at $100,997,734.20. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,419 shares of company stock valued at $14,295,650. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $98.04 on Wednesday. The business's 50-day moving average price is $96.53 and its 200-day moving average price is $94.18. Walmart Inc. has a 12 month low of $66.55 and a 12 month high of $105.30. The firm has a market capitalization of $782.37 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 4.78 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

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

Walmart Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Stifel Nicolaus lowered their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Company 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.

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