Walmart Inc. (NYSE:WMT) Shares Sold by Wincap Financial LLC

by · The Cerbat Gem

Wincap Financial LLC trimmed its stake in Walmart Inc. (NYSE:WMT – Free Report) by 8.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,078 shares of the retailer’s stock after selling 1,447 shares during the quarter. Walmart makes up 1.3% of Wincap Financial LLC’s holdings, making the stock its 23rd largest holding. Wincap Financial LLC’s holdings in Walmart were worth $1,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Eagle Capital Management LLC boosted its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after purchasing an additional 321 shares during the last quarter. Brighton Jones LLC boosted its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after purchasing an additional 485 shares during the last quarter. Highview Capital Management LLC DE boosted its position in Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock valued at $3,338,000 after purchasing an additional 1,720 shares during the last quarter. Finally, Tucker Asset Management LLC boosted its position in Walmart by 88.2% during the fourth quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer’s stock valued at $115,000 after purchasing an additional 596 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares of the company’s stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,696 shares of company stock worth $12,222,245 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Raymond James Financial reduced their price target on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Tigress Financial boosted their price target on Walmart from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two 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 stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $106.67.

View Our Latest Stock Analysis on WMT

Walmart Trading Up 0.9%

NYSE WMT opened at $97.45 on Monday. The firm has a market cap of $777.72 billion, a P/E ratio of 41.65, a P/E/G ratio of 4.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock’s 50-day moving average is $96.76 and its 200-day moving average is $94.86. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

About Walmart

(Free Report)

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.

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