24,153 Shares in Walmart Inc. (NYSE:WMT) Acquired by Sunbeam Capital Management LLC

Sunbeam Capital Management LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,153 shares of the retailer’s stock, valued at approximately $2,185,000. Walmart accounts for approximately 2.0% of Sunbeam Capital Management LLC’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter valued at about $27,000. Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter worth about $37,000. Finally, Mizuho Bank Ltd. bought a new position in Walmart during the fourth quarter worth about $41,000. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. UBS Group lowered their target price on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $104.94.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,583 shares of company stock worth $16,701,404. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.6%

Shares of WMT opened at $96.49 on Friday. 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 Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The firm has a 50 day moving average price of $92.33 and a 200-day moving average price of $92.97. The firm has a market cap of $772.00 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current 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 dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 40.17%.

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.