Triumph Capital Management Acquires New Holdings in Walmart Inc. (NYSE:WMT)

Triumph Capital Management acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,160 shares of the retailer’s stock, valued at approximately $342,000.

A number of other large investors have also added to or reduced their stakes in the business. ICW Investment Advisors LLC raised its holdings in Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the last quarter. Berry Wealth Group LP bought a new position in Walmart in the 4th quarter valued at approximately $3,724,000. Cannell & Co. raised its holdings in Walmart by 24.0% in the 4th quarter. Cannell & Co. now owns 8,974 shares of the retailer’s stock valued at $1,415,000 after buying an additional 1,736 shares during the last quarter. Fiducient Advisors LLC increased its position in Walmart by 182.3% during the 4th quarter. Fiducient Advisors LLC now owns 5,155 shares of the retailer’s stock valued at $814,000 after purchasing an additional 3,329 shares during the period. Finally, Mach 1 Financial Group LLC increased its position in Walmart by 9.5% during the 4th quarter. Mach 1 Financial Group LLC now owns 49,946 shares of the retailer’s stock valued at $7,874,000 after purchasing an additional 4,332 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $58.84 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $60.01 and its two-hundred day simple moving average is $55.92. Walmart Inc. has a 1-year low of $48.34 and a 1-year high of $61.65. The stock has a market cap of $474.24 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 3.88 and a beta of 0.49.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion for the quarter, compared to analysts’ expectations of $170.85 billion. During the same period last year, the business earned $0.57 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is 43.38%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research report on Friday, February 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research report on Monday, February 19th. Finally, Tigress Financial increased their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders have sold 29,016,140 shares of company stock worth $1,695,868,391 in the last ninety days. Company insiders own 46.51% of the company’s stock.

Walmart Company 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.