Seaview Investment Managers LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Seaview Investment Managers LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 97.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,212 shares of the retailer's stock after selling 108,518 shares during the period. Seaview Investment Managers LLC's holdings in Walmart were worth $282,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC increased its position in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC increased its position in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its position in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE increased its position in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in Walmart by 205.1% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,693 shares of the retailer's stock valued at $1,328,000 after purchasing an additional 9,877 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president directly owned 932,313 shares in the company, valued at $88,700,258.82. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,334 shares of company stock worth $13,913,350. 0.10% of the stock is owned by insiders.

Walmart Stock Performance

WMT opened at $101.05 on Thursday. 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 firm has a fifty day moving average price of $97.49 and a 200 day moving average price of $95.55. Walmart Inc. has a 1 year low of $67.85 and a 1 year high of $105.30. The stock has a market cap of $806.42 billion, a P/E ratio of 43.18, a P/E/G ratio of 4.99 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS 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 during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Walmart from $112.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Robert W. Baird lifted their price objective 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. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $107.47.

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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