Summit Trail Advisors LLC Sells 1,810 Shares of Walmart Inc. (NYSE:WMT)

Summit Trail Advisors LLC cut its stake in shares of Walmart Inc. (NYSE:WMT) by 19.1% in the 4th quarter, HoldingsChannel reports. The fund owned 7,657 shares of the retailer’s stock after selling 1,810 shares during the quarter. Summit Trail Advisors LLC’s holdings in Walmart were worth $1,211,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WMT. Valley Brook Capital Group Inc. grew its stake in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Walmart by 24.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after acquiring an additional 15,448 shares during the period. SeaTown Holdings Pte. Ltd. boosted its holdings in Walmart by 26.6% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after acquiring an additional 53,000 shares in the last quarter. Capital Wealth Planning LLC increased its position in Walmart by 32.5% during the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock valued at $338,602,000 after purchasing an additional 518,896 shares during the period. Finally, Pittenger & Anderson Inc. raised its holdings in Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock worth $7,751,000 after purchasing an additional 325 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on WMT. JPMorgan Chase & Co. upped their price target on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research note on Monday, February 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Morgan Stanley lowered their price target on Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Insider Activity at Walmart

In other news, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, Director S Robson Walton sold 14,685,327 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.61, for a total value of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares of the company’s stock, valued at $38,473,631,458.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares of the company’s stock, valued at $39,729,056,822.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,019,140 shares of company stock valued at $1,696,045,631. 46.51% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT traded up $0.05 during trading on Monday, hitting $59.87. 11,117,684 shares of the company traded hands, compared to its average volume of 18,516,809. 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 company has a market cap of $482.44 billion, a PE ratio of 31.10, a P/E/G ratio of 3.91 and a beta of 0.49. The stock’s 50-day simple moving average is $60.06 and its two-hundred day simple moving average is $56.02. Walmart Inc. has a 1 year low of $48.34 and a 1 year high of $61.65.

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 analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.39%. Walmart’s dividend payout ratio is currently 43.38%.

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.