Oarsman Capital Inc. Lowers Stake in Walmart Inc. (NYSE:WMT)

Oarsman Capital Inc. lowered its position in shares of Walmart Inc. (NYSE:WMTGet Rating) by 18.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,351 shares of the retailer’s stock after selling 1,000 shares during the period. Oarsman Capital Inc.’s holdings in Walmart were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WMT. Industrial Alliance Investment Management Inc. purchased a new position in shares of Walmart in the fourth quarter worth $28,000. Level Financial Advisors Inc. purchased a new position in shares of Walmart in the fourth quarter worth $35,000. Lipe & Dalton lifted its holdings in shares of Walmart by 34.5% in the fourth quarter. Lipe & Dalton now owns 296 shares of the retailer’s stock worth $43,000 after buying an additional 76 shares in the last quarter. Steph & Co. increased its position in Walmart by 331.2% in the fourth quarter. Steph & Co. now owns 401 shares of the retailer’s stock worth $58,000 after purchasing an additional 308 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC increased its position in Walmart by 344.0% in the third quarter. Ten Capital Wealth Advisors LLC now owns 444 shares of the retailer’s stock worth $62,000 after purchasing an additional 344 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder Alice L. Walton sold 1,167,433 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $136.20, for a total transaction of $159,004,374.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $134.78, for a total transaction of $1,308,444.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,426,790 shares of company stock valued at $195,406,267. Insiders own 48.44% of the company’s stock.

WMT has been the topic of a number of analyst reports. BNP Paribas upgraded shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 price objective on the stock in a research report on Friday, February 11th. Morgan Stanley lowered their price objective on shares of Walmart from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, February 22nd. JPMorgan Chase & Co. set a $157.00 price target on shares of Walmart in a research report on Thursday, February 17th. UBS Group set a $180.00 price objective on shares of Walmart in a research report on Tuesday, February 8th. Finally, Raymond James decreased their price objective on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, February 22nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $167.25.

Shares of Walmart stock traded up $0.57 during trading hours on Friday, reaching $148.05. The stock had a trading volume of 6,646,300 shares, compared to its average volume of 6,659,461. The stock’s 50 day moving average is $150.28 and its 200 day moving average is $144.69. The firm has a market capitalization of $407.55 billion, a PE ratio of 30.34, a PEG ratio of 3.97 and a beta of 0.49. Walmart Inc. has a twelve month low of $132.01 and a twelve month high of $160.77. The company has a current ratio of 0.93, a quick ratio of 0.28 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The retailer reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.03. The business had revenue of $152.90 billion during the quarter, compared to the consensus estimate of $150.20 billion. Walmart had a net margin of 2.39% and a return on equity of 20.42%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. As a group, sell-side analysts predict that Walmart Inc. will post 6.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be given a $0.56 dividend. The ex-dividend date is Thursday, December 8th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.51%. Walmart’s dividend payout ratio (DPR) is currently 45.90%.

About Walmart (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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