Walmart Inc. (NYSE:WMT) Stake Lowered by Dividend Assets Capital LLC


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Dividend Assets Capital LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,342 shares of the retailer’s stock after selling 1,717 shares during the period. Walmart accounts for 1.2% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 24th biggest holding. Dividend Assets Capital LLC’s holdings in Walmart were worth $6,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WMT. Black Swift Group LLC purchased a new position in shares of Walmart during the 4th quarter valued at $26,000. Greenhouse Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at $26,000. Albion Financial Group UT purchased a new position in shares of Walmart during the 4th quarter valued at $27,000. ShoreHaven Wealth Partners LLC purchased a new position in shares of Walmart during the 4th quarter valued at $29,000. Finally, Perennial Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 29.34% of the company’s stock.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $141.01, for a total transaction of $1,368,925.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Randall L. Stephenson bought 7,725 shares of Walmart stock in a transaction dated Monday, March 8th. The shares were bought at an average price of $129.63 per share, for a total transaction of $1,001,391.75. Following the completion of the transaction, the director now directly owns 8,308 shares of the company’s stock, valued at approximately $1,076,966.04. The disclosure for this purchase can be found here. Insiders have sold 2,009,708 shares of company stock worth $264,285,412 over the last ninety days. Insiders own 50.43% of the company’s stock.

Several research firms recently issued reports on WMT. FIX lowered shares of Walmart from a “hold” rating to a “sell” rating and reduced their price objective for the company from $157.00 to $131.00 in a research note on Monday, January 25th. Raymond James reduced their price objective on shares of Walmart from $165.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, February 25th. Royal Bank of Canada set a $162.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Friday, February 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walmart from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, February 19th. Finally, Morgan Stanley cut their target price on shares of Walmart from $156.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $154.63.

NYSE WMT traded down $0.43 on Tuesday, reaching $141.69. The company’s stock had a trading volume of 59,754 shares, compared to its average volume of 8,964,563. The firm has a market cap of $398.78 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. The business has a 50-day moving average price of $137.10 and a 200 day moving average price of $142.03. Walmart Inc. has a 52 week low of $117.01 and a 52 week high of $153.66. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 18th. The retailer reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.12). The business had revenue of $152.08 billion during the quarter, compared to the consensus estimate of $148.52 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. During the same period in the previous year, the firm earned $1.38 EPS. Analysts anticipate that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

Walmart declared that its Board of Directors has initiated a share buyback program on Thursday, February 18th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.55%. Walmart’s dividend payout ratio is 44.62%.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Further Reading: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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