Summit X LLC Has $2.75 Million Position in Walmart Inc. (NYSE:WMT)

Summit X LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,265 shares of the retailer’s stock after selling 2,162 shares during the quarter. Summit X LLC’s holdings in Walmart were worth $2,745,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Whelan Financial grew its position in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Scott & Selber Inc. lifted its stake in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after purchasing an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after purchasing an additional 105 shares during the last quarter. Finally, Planning Center Inc. lifted its stake in Walmart by 1.8% during the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer’s stock worth $528,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president directly owned 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares of the company’s stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,951 shares of company stock valued at $13,543,436 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WMT shares. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Finally, Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $106.67.

Walmart Trading Down 0.4%

NYSE:WMT opened at $95.42 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $761.49 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 4.61 and a beta of 0.68. The firm’s 50 day moving average is $96.97 and its 200 day moving average is $94.55. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. Walmart’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

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.