Sound View Wealth Advisors Group LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,846 shares of the retailer’s stock after buying an additional 566 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Walmart were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Black Swift Group LLC purchased a new position in shares of Walmart in the 4th quarter worth about $26,000. Greenhouse Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $26,000. Albion Financial Group UT acquired a new stake in shares of Walmart in the fourth quarter valued at about $27,000. ShoreHaven Wealth Partners LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $29,000. Finally, Perennial Advisors LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 29.34% of the company’s stock.
Several brokerages have recently commented on WMT. MKM Partners decreased their target price on Walmart from $154.00 to $141.00 in a research report on Tuesday, March 16th. Morgan Stanley cut their target price on Walmart from $156.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, February 25th. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating and set a $147.00 target price on the stock in a research note on Tuesday, April 20th. Credit Suisse Group set a $150.00 price target on Walmart and gave the company a “buy” rating in a research report on Friday, February 19th. Finally, Raymond James decreased their target price on Walmart from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, February 25th. One 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 company has an average rating of “Buy” and a consensus price target of $154.63.
In other news, Director S Robson Walton sold 289,560 shares of Walmart stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $131.86, for a total transaction of $38,181,381.60. Following the completion of the transaction, the director now directly owns 3,215,991 shares in the company, valued at $424,060,573.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $141.01, for a total transaction of $1,368,925.08. The disclosure for this sale can be found here. Insiders sold 2,009,708 shares of company stock valued at $264,285,412 over the last 90 days. Corporate insiders own 50.43% of the company’s stock.
NYSE:WMT traded down $0.94 on Tuesday, hitting $141.18. The company had a trading volume of 107,526 shares, compared to its average volume of 8,964,563. The stock has a market capitalization of $397.35 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 4.86 and a beta of 0.27. 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 firm has a 50 day moving average of $137.10 and a two-hundred day moving average of $142.03. Walmart Inc. has a 52 week low of $117.01 and a 52 week high of $153.66.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 18th. The retailer reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $148.52 billion. During the same period in the previous year, the business posted $1.38 EPS. As a group, equities analysts forecast that Walmart Inc. will post 5.35 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 9th. Walmart’s payout ratio is 44.62%.
Walmart declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 18th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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