Wedgewood Investors Inc. PA Sells 200 Shares of Walmart Inc. (NYSE:WMT)


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Wedgewood Investors Inc. PA lessened its position in Walmart Inc. (NYSE:WMT) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,460 shares of the retailer’s stock after selling 200 shares during the period. Wedgewood Investors Inc. PA’s holdings in Walmart were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WMT. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Walmart by 0.7% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 10,401 shares of the retailer’s stock valued at $1,499,000 after buying an additional 69 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its position in Walmart by 8.7% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 872 shares of the retailer’s stock worth $126,000 after acquiring an additional 70 shares in the last quarter. Pegasus Asset Management Inc. raised its position in Walmart by 0.7% during the fourth quarter. Pegasus Asset Management Inc. now owns 10,533 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 72 shares during the period. Hardy Reed LLC lifted its stake in shares of Walmart by 3.8% in the 4th quarter. Hardy Reed LLC now owns 1,962 shares of the retailer’s stock valued at $283,000 after purchasing an additional 72 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in Walmart by 0.3% during the first quarter. Private Trust Co. NA now owns 27,946 shares of the retailer’s stock worth $3,795,000 after buying an additional 72 shares during the period. 29.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on WMT shares. Credit Suisse Group set a $150.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, February 19th. Morgan Stanley decreased their price objective on Walmart from $156.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, February 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walmart from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, February 19th. FIX lowered shares of Walmart from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $157.00 to $131.00 in a research note on Monday, January 25th. Finally, Raymond James dropped their price objective on shares of Walmart from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $154.63.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $141.01, for a total value of $1,368,925.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 710,440 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $130.64, for a total transaction of $92,811,881.60. Following the transaction, the insider now directly owns 21,748,580 shares in the company, valued at approximately $2,841,234,491.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,009,708 shares of company stock valued at $264,285,412. Corporate insiders own 50.43% of the company’s stock.

Shares of NYSE:WMT traded down $0.94 during midday trading on Tuesday, hitting $141.18. The stock had a trading volume of 107,526 shares, compared to its average volume of 8,964,563. Walmart Inc. has a 1 year low of $117.01 and a 1 year 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. The stock has a 50 day moving average price of $137.10 and a two-hundred day moving average price of $142.03. The company has a market capitalization of $397.35 billion, a PE ratio of 22.67, a P/E/G ratio of 4.86 and a beta of 0.27.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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). Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business had revenue of $152.08 billion during the quarter, compared to analysts’ expectations of $148.52 billion. During the same period in the prior year, the firm posted $1.38 EPS. As a group, equities analysts expect that Walmart Inc. will post 5.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.56%. Walmart’s dividend payout ratio (DPR) is currently 44.62%.

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

About Walmart

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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