Walmart Inc. (NYSE:WMT) Position Reduced by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,207 shares of the retailer’s stock after selling 16,707 shares during the period. Amalgamated Bank’s holdings in Walmart were worth $54,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Walmart during the third quarter valued at approximately $25,000. Kepos Capital LP bought a new position in shares of Walmart during the 3rd quarter worth approximately $40,000. Milestone Investment Advisors LLC bought a new position in Walmart during the third quarter worth about $41,000. Fortitude Family Office LLC acquired a new stake in Walmart in the fourth quarter valued at about $45,000. Finally, Orion Capital Management LLC bought a new stake in shares of Walmart during the third quarter worth $50,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $68.00 target price on shares of Walmart in a research report on Wednesday, March 27th. Evercore ISI decreased their price target on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Oppenheimer decreased their price target on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Stock Performance

Shares of WMT traded up $0.86 during midday trading on Thursday, reaching $59.71. The stock had a trading volume of 15,743,604 shares, compared to its average volume of 18,586,883. The firm has a 50 day simple moving average of $60.01 and a 200-day simple moving average of $55.92. 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 firm has a market cap of $481.25 billion, a PE ratio of 31.14, a P/E/G ratio of 3.88 and a beta of 0.49. Walmart Inc. has a one year low of $48.34 and a one year high of $61.65.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion for 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date of this dividend 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 presently 43.38%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, 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 can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 5,970,066 shares of Walmart stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the sale, the insider now owns 671,082,588 shares of the company’s stock, valued at approximately $39,106,219,344.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold a total of 29,016,140 shares of company stock worth $1,695,868,391 in the last quarter. 46.51% of the stock is currently owned by corporate insiders.

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.