Walmart Inc. (NYSE:WMT) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC lowered its position in Walmart Inc. (NYSE:WMT) by 1.9% in the first quarter, HoldingsChannel reports. The fund owned 59,425 shares of the retailer’s stock after selling 1,153 shares during the quarter. Walmart accounts for about 1.1% of SeaBridge Investment Advisors LLC’s portfolio, making the stock its 25th largest position. SeaBridge Investment Advisors LLC’s holdings in Walmart were worth $5,217,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMT. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth about $5,737,355,000. GAMMA Investing LLC raised its position in shares of Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Northern Trust Corp raised its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. APG Asset Management N.V. raised its holdings in Walmart by 1,707.6% in the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock valued at $324,410,000 after acquiring an additional 3,512,368 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Walmart by 48.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer’s stock valued at $882,282,000 after acquiring an additional 3,182,477 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the sale, the executive vice president directly owned 1,060,455 shares of the company’s stock, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president owned 650,977 shares in the company, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,951 shares of company stock worth $13,543,436. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 0.4%

WMT stock opened at $95.42 on Wednesday. The firm has a market capitalization of $761.49 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 4.61 and a beta of 0.68. The company’s 50 day moving average price is $96.97 and its 200 day moving average price is $94.55. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Stifel Nicolaus cut their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. UBS Group cut their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Tigress Financial increased their price target on shares of Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.

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.