W.H. Cornerstone Investments Inc. Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

W.H. Cornerstone Investments Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,419 shares of the retailer’s stock after selling 428 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Walmart were worth $1,012,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Seven Mile Advisory increased its position in shares of Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after purchasing an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC grew its holdings in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after buying an additional 61 shares in the last quarter. ICW Investment Advisors LLC raised its position in shares of Walmart by 0.4% in the fourth 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. Bill Few Associates Inc. lifted its stake in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after buying an additional 64 shares in the last quarter. Finally, Gateway Advisory LLC boosted its position in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the sale, the chief executive officer now owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The disclosure for this sale can be found here. Insiders sold a total of 29,019,140 shares of company stock worth $1,696,045,631 in the last 90 days. 46.51% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on WMT shares. Oppenheimer cut their price objective on shares of Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Stifel Europe boosted their price objective on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Evercore ISI decreased their target price on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Finally, Tigress Financial upped their price target on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Stock Up 0.2 %

Shares of NYSE WMT traded up $0.11 during midday trading on Friday, hitting $59.82. 14,207,397 shares of the company’s stock were exchanged, compared to its average volume of 13,769,110. The firm’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $56.02. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The company has a market cap of $482.03 billion, a PE ratio of 31.26, a P/E/G ratio of 3.91 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 (EPS) for the quarter, topping 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 company had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. During the same quarter last year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

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 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 payout ratio is 43.38%.

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.