Sunbeam Capital Management LLC Purchases New Holdings in Walmart Inc. (NYSE:WMT)

Sunbeam Capital Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,153 shares of the retailer's stock, valued at approximately $2,185,000. Walmart makes up 2.0% of Sunbeam Capital Management LLC's investment portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new stake in shares of Walmart during the 4th quarter worth approximately $252,000. LaFleur & Godfrey LLC grew its holdings in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares in the last quarter. Eagle Capital Management LLC grew its holdings in shares of 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. Raleigh Capital Management Inc. grew its holdings in shares of Walmart by 5.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 13,855 shares of the retailer's stock worth $1,252,000 after purchasing an additional 741 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its holdings in shares of Walmart by 27.4% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 7,975 shares of the retailer's stock worth $724,000 after purchasing an additional 1,713 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president now directly owns 632,718 shares of the company's stock, valued at $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,583 shares of company stock valued at $16,701,404. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 1.2%

NYSE WMT traded up $1.18 on Tuesday, reaching $97.52. The company had a trading volume of 17,168,296 shares, compared to its average volume of 17,858,663. The stock's 50 day moving average is $92.54 and its 200-day moving average is $93.12. The stock has a market cap of $780.25 billion, a price-to-earnings ratio of 40.46, a PEG ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its 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 return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMT. Morgan Stanley reissued an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. KeyCorp boosted their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Stifel Nicolaus decreased their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $102.00 price target on shares of Walmart in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $104.94.

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.