Bridgeway Capital Management LLC Has $18.35 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Bridgeway Capital Management LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 23.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 203,135 shares of the retailer’s stock after selling 61,175 shares during the period. Bridgeway Capital Management LLC’s holdings in Walmart were worth $18,353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Capital Inc. bought a new position in Walmart in the fourth quarter valued at about $3,717,000. Brevan Howard Capital Management LP acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $2,995,000. Bramshill Investments LLC bought a new stake in shares of Walmart during the 4th quarter valued at approximately $452,000. Captrust Financial Advisors increased its position in Walmart by 3.6% during the 4th quarter. Captrust Financial Advisors now owns 1,064,188 shares of the retailer’s stock worth $96,149,000 after purchasing an additional 37,136 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in Walmart in the 4th quarter valued at approximately $3,733,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.6 %

Shares of NYSE:WMT opened at $99.31 on Tuesday. The firm has a market cap of $794.57 billion, a P/E ratio of 41.21, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52-week low of $59.39 and a 52-week high of $105.30. The business’s 50 day simple moving average is $90.59 and its two-hundred day simple moving average is $91.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,857 shares of company stock worth $12,444,743. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on WMT shares. Oppenheimer lowered their price target on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, April 7th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. KeyCorp lifted their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

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.