Dunhill Financial LLC trimmed its position in Walmart Inc. (NYSE:WMT – Free Report) by 32.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125 shares of the retailer’s stock after selling 546 shares during the period. Dunhill Financial LLC’s holdings in Walmart were worth $99,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in WMT. Norges Bank bought a new stake in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. Raymond James Financial Inc. bought a new stake in Walmart during the 4th quarter valued at $2,306,627,000. GAMMA Investing LLC increased its stake in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Walmart
In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,294 shares of company stock worth $12,656,659. Insiders own 45.58% of the company’s stock.
Analysts Set New Price Targets
Walmart Trading Up 0.9%
WMT opened at $95.10 on Thursday. 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 Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The stock has a market cap of $758.95 billion, a PE ratio of 40.64, a PEG ratio of 4.60 and a beta of 0.69. The business has a 50 day moving average of $96.24 and a 200-day moving average of $94.11.
Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period last year, the company posted $0.60 EPS. Walmart’s revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid 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 dividend payout ratio is 40.17%.
About Walmart
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.
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