Stokes Family Office LLC Sells 8,261 Shares of Walmart Inc. (NYSE:WMT)

Stokes Family Office LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 38.0% during the 4th quarter, Holdings Channel reports. The firm owned 13,462 shares of the retailer’s stock after selling 8,261 shares during the quarter. Stokes Family Office LLC’s holdings in Walmart were worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Authentikos Wealth Advisory LLC bought a new position in shares of Walmart during the third quarter worth approximately $25,000. Kepos Capital LP bought a new position in shares of Walmart in the 3rd quarter valued at $40,000. Milestone Investment Advisors LLC bought a new stake in shares of Walmart during the third quarter worth about $41,000. Fortitude Family Office LLC bought a new stake in Walmart during the 4th quarter worth approximately $45,000. Finally, Orion Capital Management LLC bought a new stake in shares of Walmart in the third quarter worth $50,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Oppenheimer dropped their price objective on Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Evercore ISI cut their target price on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Morgan Stanley dropped their price target on Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Stifel Europe lifted their target price on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Trading Up 0.2 %

Shares of WMT traded up $0.11 during midday trading on Friday, hitting $59.82. 13,538,555 shares of the stock were exchanged, compared to its average volume of 18,602,846. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65. The stock has a fifty day simple moving average of $60.03 and a 200 day simple moving average of $55.95. The firm has a market cap of $482.14 billion, a P/E ratio of 31.26, a P/E/G ratio of 3.84 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 released its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is 43.38%.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the transaction, the insider now owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the sale, the insider now directly owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the insider now directly owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The disclosure for this sale can be found here. Insiders have sold a total of 29,019,140 shares of company stock valued at $1,696,045,631 over the last ninety days. Corporate insiders own 46.51% of the company’s stock.

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.