Walmart Inc. (NYSE:WMT) Shares Bought by Hyman Charles D

Hyman Charles D lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,280 shares of the retailer’s stock after acquiring an additional 358 shares during the period. Hyman Charles D’s holdings in Walmart were worth $3,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Valley Brook Capital Group Inc. raised its holdings in Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Walmart by 24.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after acquiring an additional 15,448 shares during the last quarter. SeaTown Holdings Pte. Ltd. increased its holdings in Walmart by 26.6% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after purchasing an additional 53,000 shares during the last quarter. Capital Wealth Planning LLC raised its position in Walmart by 32.5% in the third quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock valued at $338,602,000 after purchasing an additional 518,896 shares during the period. Finally, Pittenger & Anderson Inc. grew its stake in shares of Walmart by 0.7% in the third quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock valued at $7,751,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday. Tigress Financial increased their price target on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $68.00 price objective on shares of Walmart in a research note on Wednesday, March 27th. JPMorgan Chase & Co. raised their target price on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Finally, Stifel Europe boosted their price target on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $61.94.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the sale, the insider now directly owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the transaction, the insider now owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 5,816,175 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,019,140 shares of company stock worth $1,696,045,631. Company insiders own 46.51% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock traded up $0.73 during midday trading on Tuesday, hitting $60.60. The company had a trading volume of 14,517,142 shares, compared to its average volume of 18,471,379. The stock has a market cap of $488.32 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 3.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The company’s 50 day simple moving average is $60.08 and its 200 day simple moving average is $56.12. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Research analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio is presently 43.38%.

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.