Hartline Investment Corp Has $16.14 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Hartline Investment Corp reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,849 shares of the retailer’s stock after selling 1,237 shares during the quarter. Walmart makes up approximately 2.1% of Hartline Investment Corp’s holdings, making the stock its 14th biggest position. Hartline Investment Corp’s holdings in Walmart were worth $16,140,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Walmart in the 1st quarter valued at approximately $35,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $41,000. Nexus Investment Management ULC bought a new stake in Walmart during the first quarter worth $49,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Walmart in the 4th quarter valued at $53,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $98.29 on Friday. The company has a market cap of $784.40 billion, a PE ratio of 42.00, a P/E/G ratio of 4.70 and a beta of 0.68. The business has a 50 day moving average of $97.07 and a 200 day moving average of $94.33. Walmart Inc. has a 52 week low of $66.67 and a 52 week 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.

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

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued 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 (DPR) is presently 40.17%.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the 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 sale, the chief executive officer directly owned 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WMT shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. Mizuho lifted their price target on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. KeyCorp lifted their target price on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Two research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.67.

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.