Stonebrook Private Inc. Invests $3.77 Million in Walmart Inc. (NYSE:WMT)

Stonebrook Private Inc. bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,911 shares of the retailer’s stock, valued at approximately $3,770,000. Walmart comprises approximately 1.3% of Stonebrook Private Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SeaTown Holdings Pte. Ltd. raised its holdings in shares of Walmart by 26.6% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock worth $40,398,000 after buying an additional 53,000 shares during the period. Railway Pension Investments Ltd lifted its position in shares of Walmart by 28.0% during the third quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after purchasing an additional 167,800 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Walmart by 1.5% during the third quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock worth $235,608,000 after purchasing an additional 21,899 shares during the last quarter. Capital Wealth Planning LLC grew its holdings in shares of Walmart by 32.5% in the third quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after purchasing an additional 518,896 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its stake 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 buying an additional 325 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $55.72, for a total transaction of $167,160.00. Following the completion of the transaction, the executive vice president now directly owns 530,613 shares of the company’s stock, valued at approximately $29,565,756.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $55.72, for a total transaction of $167,160.00. Following the sale, the executive vice president now directly owns 530,613 shares in the company, valued at approximately $29,565,756.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, 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 have sold 29,019,140 shares of company stock worth $1,696,035,551 over the last quarter. 46.51% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $60.24 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65. The company’s 50 day moving average is $59.98 and its 200 day moving average is $55.86. The company has a market cap of $485.52 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.93 and a beta of 0.49.

Walmart (NYSE:WMT) last issued its earnings results 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. The firm had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.38%. Walmart’s dividend payout ratio (DPR) is presently 43.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Europe upped their target price on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Telsey Advisory Group restated an “outperform” rating and set a $68.00 price objective on shares of Walmart in a report on Wednesday, March 27th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Finally, Evercore ISI dropped their target price on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

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.