LGL Partners LLC Sells 284 Shares of Walmart Inc. (NYSE:WMT)

LGL Partners LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 17.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,353 shares of the retailer’s stock after selling 284 shares during the quarter. LGL Partners LLC’s holdings in Walmart were worth $213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new position in shares of Walmart in the third quarter worth approximately $25,000. Kepos Capital LP purchased a new stake in shares of Walmart during the third quarter valued at $40,000. Milestone Investment Advisors LLC purchased a new stake in Walmart in the third quarter worth about $41,000. Fortitude Family Office LLC purchased a new stake in shares of Walmart during the fourth quarter valued at about $45,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Walmart during the third quarter valued at about $50,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Morgan Stanley cut their price target on shares of Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Evercore ISI decreased their price objective on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Tigress Financial raised their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Walmart Stock Down 1.4 %

WMT stock traded down $0.82 during trading on Tuesday, hitting $59.42. 7,455,123 shares of the company’s stock were exchanged, compared to its average volume of 18,621,055. The business has a 50-day moving average price of $59.98 and a two-hundred day moving average price of $55.86. The stock has a market capitalization of $478.91 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 3.93 and a beta of 0.49. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is 43.38%.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Walmart news, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction that occurred on 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 of the company’s stock, valued at $39,237,458,141.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold a total of 29,019,140 shares of company stock worth $1,696,035,551 over the last 90 days. 46.51% of the stock is owned by insiders.

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.