ST Germain D J Co. Inc. Has $15.66 Million Stake in Walmart Inc. (NYSE:WMT)

ST Germain D J Co. Inc. lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,323 shares of the retailer's stock after selling 4,953 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Walmart were worth $15,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new position in Walmart during the 4th quarter valued at approximately $41,000. Finally, Elevation Wealth Partners LLC boosted its position in Walmart by 40.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. Finally, Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.16.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,334 shares of company stock worth $12,615,864 over the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Trading Down 0.6%

Shares of WMT stock traded down $0.59 during trading hours on Wednesday, reaching $99.39. 11,106,554 shares of the stock traded hands, compared to its average volume of 17,875,561. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30. The business has a fifty day moving average price of $94.05 and a 200 day moving average price of $93.63. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $795.21 billion, a PE ratio of 41.24, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. On average, 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 issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

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.