Sitrin Capital Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 29.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,123 shares of the retailer's stock after selling 33,011 shares during the period. Walmart comprises 3.8% of Sitrin Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Sitrin Capital Management LLC's holdings in Walmart were worth $6,964,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. World Investment Advisors grew its holdings in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after acquiring an additional 19,233 shares during the period. Candriam S.C.A. grew its holdings in shares of Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Cushing Capital Partners LLC acquired a new stake in shares of Walmart in the 4th quarter worth approximately $1,124,000. GWN Securities Inc. acquired a new stake in shares of Walmart in the 4th quarter worth approximately $4,658,000. Finally, Full Sail Capital LLC grew its holdings in shares of Walmart by 6.6% in 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 period. 26.76% of the stock is owned by hedge funds and other institutional investors.
Walmart Trading Up 0.7%
Shares of Walmart stock traded up $0.68 during trading hours on Friday, reaching $98.29. The stock had a trading volume of 7,686,204 shares, compared to its average volume of 18,082,978. The firm has a 50 day simple moving average of $97.07 and a two-hundred day simple moving average of $94.33. The firm has a market capitalization of $784.40 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 4.73 and a beta of 0.68. 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 Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last released 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 company 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 21.76% and a net margin of 2.75%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is 40.17%.
Insiders Place Their Bets
In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the sale, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,711 shares of company stock valued at $13,710,319. Company insiders own 45.58% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Tigress Financial increased their target price on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.
Check Out Our Latest Analysis on WMT
About Walmart
(
Free Report)
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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