Capstone Triton Financial Group LLC Sells 1,536 Shares of Walmart Inc. (NYSE:WMT)

Capstone Triton Financial Group LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,630 shares of the retailer’s stock after selling 1,536 shares during the period. Walmart makes up approximately 3.1% of Capstone Triton Financial Group LLC’s holdings, making the stock its 4th biggest position. Capstone Triton Financial Group LLC’s holdings in Walmart were worth $4,936,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC raised its holdings in 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 buying an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter valued at about $37,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Walmart in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares in the company, valued at approximately $44,293,612.80. The trade was a 2.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer now owns 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,583 shares of company stock worth $16,701,404 over the last three months. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Raymond James decreased their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.94.

Walmart Stock Performance

NYSE:WMT opened at $97.52 on Wednesday. The firm has a market capitalization of $780.25 billion, a PE ratio of 40.46, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $92.77 and its 200 day simple moving average is $93.15.

Walmart (NYSE:WMT) last released 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. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date 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.