Shellback Capital LP Sells 40,000 Shares of Walmart Inc. (NYSE:WMT)

Shellback Capital LP lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,000 shares of the retailer's stock after selling 40,000 shares during the quarter. Walmart accounts for about 1.3% of Shellback Capital LP's investment portfolio, making the stock its 23rd biggest position. Shellback Capital LP's holdings in Walmart were worth $18,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new position in Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at about $37,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.5%

Shares of NYSE:WMT opened at $96.31 on Friday. Walmart Inc. has a 52 week low of $62.94 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $770.57 billion, a PE ratio of 39.96, a PEG ratio of 4.42 and a beta of 0.70. The company has a 50 day moving average price of $90.98 and a two-hundred day moving average price of $92.29.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company 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. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's payout ratio is presently 39.00%.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,857 shares of company stock valued at $12,444,743. Corporate insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Evercore ISI reduced their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird upped their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their target price on shares of Walmart from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.94.

Walmart 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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