Bridge Creek Capital Management LLC Has $5.46 Million Holdings in Walmart Inc. (NYSE:WMT)

Bridge Creek Capital Management LLC increased its stake in Walmart Inc. (NYSE:WMT) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,241 shares of the retailer’s stock after purchasing an additional 156 shares during the period. Walmart makes up 1.7% of Bridge Creek Capital Management LLC’s holdings, making the stock its 16th largest position. Bridge Creek Capital Management LLC’s holdings in Walmart were worth $5,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Legacy Financial Group LLC boosted its stake in shares of Walmart by 13.4% during the 1st quarter. Legacy Financial Group LLC now owns 10,042 shares of the retailer’s stock worth $882,000 after buying an additional 1,183 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Walmart by 10.1% during the 1st quarter. Whipplewood Advisors LLC now owns 2,830 shares of the retailer’s stock worth $230,000 after buying an additional 260 shares during the last quarter. Smith Anglin Financial LLC boosted its stake in shares of Walmart by 0.5% during the 1st quarter. Smith Anglin Financial LLC now owns 33,370 shares of the retailer’s stock worth $2,930,000 after buying an additional 154 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Walmart by 9.6% during the 1st quarter. Merit Financial Group LLC now owns 159,330 shares of the retailer’s stock worth $13,988,000 after buying an additional 13,895 shares during the last quarter. Finally, Paladin Wealth LLC boosted its stake in shares of Walmart by 8.0% during the 1st quarter. Paladin Wealth LLC now owns 13,196 shares of the retailer’s stock worth $1,158,000 after buying an additional 973 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. KeyCorp increased their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $102.00 target price 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $104.94.

Walmart Stock Up 1.1%

Walmart stock opened at $99.82 on Tuesday. The stock has a market cap of $798.64 billion, a P/E ratio of 41.42, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $65.16 and a twelve month high of $105.30. The company’s 50-day moving average price is $93.76 and its two-hundred day moving average price is $93.58.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,334 shares of company stock valued at $12,615,864. 45.58% of the stock is currently owned by company insiders.

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.