Eagle Rock Investment Company LLC Sells 234 Shares of Walmart Inc. (NYSE:WMT)

Eagle Rock Investment Company LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,661 shares of the retailer’s stock after selling 234 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Walmart were worth $848,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WMT. Tallon Kerry Patrick bought a new position in Walmart in the 4th quarter valued at about $252,000. LaFleur & Godfrey LLC raised its position in shares of Walmart by 1.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after buying an additional 992 shares in the last quarter. Eagle Capital Management LLC boosted its stake in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC grew its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Walmart during the fourth quarter worth approximately $10,645,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.46 on Friday. The firm has a market cap of $779.77 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm’s fifty day moving average is $94.71 and its 200-day moving average is $93.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 52 week low of $65.64 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Walmart’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WMT shares. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Mizuho started coverage on Walmart in a research report on Friday, April 11th. They set an “outperform” rating and a $105.00 price target on the stock. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, DA Davidson reissued a “buy” rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned 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 a consensus price target of $105.16.

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.