Masterton Capital Management LP Sells 74,278 Shares of Walmart Inc. (NYSE:WMT)

Masterton Capital Management LP lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 61.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,722 shares of the retailer’s stock after selling 74,278 shares during the period. Walmart accounts for approximately 2.3% of Masterton Capital Management LP’s portfolio, making the stock its 18th largest holding. Masterton Capital Management LP’s holdings in Walmart were worth $4,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. World Investment Advisors boosted its stake in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after buying an additional 19,233 shares during the period. Candriam S.C.A. boosted its position in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after acquiring an additional 599,257 shares during the last quarter. Bank of New Hampshire grew its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank increased its position in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total value of $2,743,189.56. Following the transaction, the chief executive officer now directly owns 4,480,347 shares in the company, valued at approximately $422,003,883.93. The trade was a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 169,657 shares of company stock worth $15,984,929 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.1 %

Shares of WMT opened at $95.16 on Tuesday. The company’s fifty day simple moving average is $90.40 and its 200-day simple moving average is $91.02. The company has a market cap of $762.88 billion, a P/E ratio of 39.49, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. UBS Group cut their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Truist Financial upped their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Mizuho assumed coverage on Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, Roth Mkm reissued a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.58.

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.