Graypoint LLC Sells 608 Shares of Walmart Inc. (NYSE:WMT)

Graypoint LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 72,595 shares of the retailer’s stock after selling 608 shares during the period. Graypoint LLC’s holdings in Walmart were worth $6,373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Ascent Wealth Partners LLC raised its stake in Walmart by 4.2% in the first quarter. Ascent Wealth Partners LLC now owns 129,357 shares of the retailer’s stock valued at $11,356,000 after buying an additional 5,178 shares during the period. Verdence Capital Advisors LLC raised its stake in Walmart by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 35,060 shares of the retailer’s stock valued at $3,078,000 after buying an additional 394 shares during the period. Mayflower Financial Advisors LLC raised its stake in Walmart by 5.5% in the first quarter. Mayflower Financial Advisors LLC now owns 7,902 shares of the retailer’s stock valued at $694,000 after buying an additional 411 shares during the period. Legacy Capital Wealth Partners LLC raised its stake in Walmart by 1.1% in the first quarter. Legacy Capital Wealth Partners LLC now owns 515,890 shares of the retailer’s stock valued at $45,290,000 after buying an additional 5,811 shares during the period. Finally, Napatree Capital LLC raised its stake in Walmart by 4.4% in the first quarter. Napatree Capital LLC now owns 16,932 shares of the retailer’s stock valued at $1,486,000 after buying an additional 714 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart Trading Down 0.3%

Shares of WMT stock opened at $95.11 on Thursday. The stock’s fifty day moving average price is $96.89 and its two-hundred day moving average price is $94.56. The company has a market cap of $759.04 billion, a PE ratio of 40.65, a P/E/G ratio of 4.59 and a beta of 0.68. 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 for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the business posted $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict 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. Investors of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company’s stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the transaction, the chief executive officer directly owned 4,431,783 shares of the company’s stock, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,951 shares of company stock worth $13,543,436 over the last 90 days. 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.