Breed s Hill Capital LLC Purchases Shares of 2,469 Walmart Inc. (NYSE:WMT)

Breed s Hill Capital LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,469 shares of the retailer’s stock, valued at approximately $389,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Planning LLC purchased a new stake in shares of Walmart during the third quarter worth about $651,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Walmart by 39.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 347,232 shares of the retailer’s stock worth $55,736,000 after acquiring an additional 98,712 shares in the last quarter. Kanawha Capital Management LLC increased its holdings in shares of Walmart by 2.3% in the 3rd quarter. Kanawha Capital Management LLC now owns 12,888 shares of the retailer’s stock valued at $2,061,000 after acquiring an additional 295 shares during the last quarter. NBT Bank N A NY lifted its stake in Walmart by 12.0% during the third quarter. NBT Bank N A NY now owns 31,517 shares of the retailer’s stock worth $5,041,000 after purchasing an additional 3,368 shares during the last quarter. Finally, River Street Advisors LLC lifted its stake in Walmart by 23.8% during the third quarter. River Street Advisors LLC now owns 4,167 shares of the retailer’s stock worth $666,000 after purchasing an additional 801 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.2 %

Shares of Walmart stock traded up $0.15 during trading on Thursday, hitting $60.45. 14,549,570 shares of the stock traded hands, compared to its average volume of 18,339,270. The company has a fifty day moving average price of $60.10 and a two-hundred day moving average price of $56.15. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65. The stock has a market cap of $487.11 billion, a P/E ratio of 31.59, a PEG ratio of 3.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.37%. Walmart’s dividend payout ratio is 43.38%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WMT. Evercore ISI reduced their price target on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Stifel Europe upped their target price on Walmart from $56.33 to $58.33 in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their price objective on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research report on Monday, February 19th. Finally, Oppenheimer lowered their price objective on Walmart to $67.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.94.

Insider Transactions at Walmart

In related news, major shareholder Jim C. Walton sold 2,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the transaction, the insider now directly owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 5,970,066 shares of Walmart stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the sale, the insider now owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the insider now owns 656,395,261 shares in the company, valued at $38,582,913,441.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,019,140 shares of company stock worth $1,696,045,631. Insiders own 46.51% of the company’s stock.

About Walmart

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.