Spinnaker Trust lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 14.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,067 shares of the retailer's stock after selling 12,569 shares during the period. Spinnaker Trust's holdings in Walmart were worth $6,678,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in WMT. Horizon Financial Services LLC increased its holdings 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. EQ Wealth Advisors LLC bought a new position in Walmart during the first quarter valued at about $35,000. Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at approximately $37,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart in the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter worth approximately $49,000. Institutional investors own 26.76% of the company's stock.
Insider Buying and Selling
In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock worth $13,710,319 over the last 90 days. Company insiders own 45.58% of the company's stock.
Walmart Trading Down 0.6%
Shares of NYSE WMT traded down $0.62 during midday trading on Wednesday, hitting $97.62. The stock had a trading volume of 12,498,048 shares, compared to its average volume of 18,077,380. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The firm has a market cap of $779.05 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. The company's 50-day simple moving average is $96.97 and its 200 day simple moving average is $94.29.
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, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the company earned $0.60 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The business 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. 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 Upgrades and Downgrades
A number of research analysts recently commented on WMT shares. Mizuho upped their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Evercore ISI lifted their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.
View Our Latest Research Report on WMT
Walmart Profile
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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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