Clarendon Private LLC Purchases New Position in Walmart Inc. (NYSE:WMT)

Clarendon Private LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the 1st quarter, HoldingsChannel reports. The fund purchased 3,478 shares of the retailer’s stock, valued at approximately $305,000.

Several other large investors have also recently added to or reduced their stakes in WMT. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after acquiring an additional 167 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart during the first quarter valued at about $35,000. Lipe & Dalton grew its stake in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the fourth quarter valued at about $41,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Walmart during the first quarter valued at about $49,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,744 shares of Walmart stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the sale, the executive vice president owned 649,233 shares of the company’s stock, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president directly owned 932,313 shares in the company, valued at approximately $88,700,258.82. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,112 shares of company stock valued at $14,078,027. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $97.57 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $96.75 and its two-hundred day moving average price is $94.89. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The stock has a market capitalization of $778.65 billion, a P/E ratio of 41.70, a P/E/G ratio of 4.69 and a beta of 0.68.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMT. Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Truist Financial increased their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Evercore ISI increased their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Finally, Robert W. Baird increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart 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.