Quilter Plc Has $2.19 Million Holdings in Walmart Inc. (NYSE:WMT)

Quilter Plc lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.7% during the 1st quarter, HoldingsChannel reports. The fund owned 24,973 shares of the retailer’s stock after selling 438 shares during the period. Quilter Plc’s holdings in Walmart were worth $2,192,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. World Investment Advisors increased its stake in Walmart by 7.6% in the 4th 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 stake 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 buying an additional 599,257 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new position in shares of Walmart in the fourth quarter worth $1,124,000. Finally, GWN Securities Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $4,658,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James Financial lowered their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Evercore ISI raised their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the transaction, the chief executive officer now directly owns 4,431,783 shares in the company, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,711 shares of company stock worth $13,688,803. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.4%

Shares of WMT stock opened at $97.41 on Friday. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market cap of $777.37 billion, a PE ratio of 41.63, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. The stock has a 50 day moving average of $96.80 and a 200-day moving average of $94.24.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the prior year, the company earned $0.60 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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