MassMutual Private Wealth & Trust FSB Sells 3,856 Shares of Walmart Inc. (NYSE:WMT)

MassMutual Private Wealth & Trust FSB lowered its stake in Walmart Inc. (NYSE:WMT) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 394,187 shares of the retailer’s stock after selling 3,856 shares during the quarter. Walmart makes up approximately 1.0% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 22nd largest position. MassMutual Private Wealth & Trust FSB’s holdings in Walmart were worth $34,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Walmart in the 4th quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. bought a new position in Walmart in the 4th quarter valued at approximately $41,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,334 shares of company stock valued at $12,615,864 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT stock opened at $97.23 on Thursday. The company has a market cap of $777.93 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $93.00 and a 200-day moving average of $93.17.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. KeyCorp raised their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $102.00 price objective on shares of Walmart in a report on Friday, May 16th. Finally, Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.94.

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.