BayBridge Capital Group LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

BayBridge Capital Group LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 4.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,403 shares of the retailer’s stock after selling 956 shares during the quarter. Walmart comprises 1.2% of BayBridge Capital Group LLC’s investment portfolio, making the stock its 16th biggest holding. BayBridge Capital Group LLC’s holdings in Walmart were worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Atlas Private Wealth Advisors increased its holdings in shares of Walmart by 10.8% in the 1st quarter. Atlas Private Wealth Advisors now owns 7,634 shares of the retailer’s stock valued at $670,000 after acquiring an additional 744 shares during the last quarter. CogentBlue Wealth Advisors LLC purchased a new position in shares of Walmart in the 1st quarter valued at about $299,000. Arkansas Financial Group Inc. increased its holdings in shares of Walmart by 13.0% in the 1st quarter. Arkansas Financial Group Inc. now owns 9,368 shares of the retailer’s stock valued at $849,000 after acquiring an additional 1,075 shares during the last quarter. Pacific Sun Financial Corp purchased a new position in Walmart during the 1st quarter worth approximately $245,000. Finally, Blodgett Wealth Advisors LLC grew its stake in Walmart by 11.7% during the 1st quarter. Blodgett Wealth Advisors LLC now owns 4,073 shares of the retailer’s stock worth $358,000 after buying an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,064,455 shares of the company’s stock, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Roth Mkm restated a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, KeyCorp raised their price target on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Two investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart Stock Down 0.7%

WMT opened at $94.20 on Friday. The business’s fifty day moving average is $95.79 and its two-hundred day moving average is $94.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $66.41 and a one year high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 40.17%.

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.