Oarsman Capital Inc. Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Oarsman Capital Inc. reduced its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,351 shares of the retailer’s stock after selling 1,000 shares during the quarter. Oarsman Capital Inc.’s holdings in Walmart were worth $630,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WMT. Eagle Capital Management LLC lifted its stake in shares of Walmart by 2.3% during the 2nd quarter. Eagle Capital Management LLC now owns 30,602 shares of the retailer’s stock valued at $4,315,000 after buying an additional 682 shares in the last quarter. Morgan Stanley lifted its stake in shares of Walmart by 1.6% during the 2nd quarter. Morgan Stanley now owns 14,109,245 shares of the retailer’s stock valued at $1,989,686,000 after buying an additional 225,224 shares in the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of Walmart by 4.1% during the 3rd quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the retailer’s stock valued at $641,000 after buying an additional 183 shares in the last quarter. Center for Financial Planning Inc. increased its holdings in Walmart by 5.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,190 shares of the retailer’s stock worth $305,000 after acquiring an additional 118 shares during the period. Finally, Banque Pictet & Cie SA increased its holdings in Walmart by 16.6% during the 3rd quarter. Banque Pictet & Cie SA now owns 1,865 shares of the retailer’s stock worth $260,000 after acquiring an additional 265 shares during the period. Institutional investors own 30.79% of the company’s stock.

WMT has been the topic of a number of analyst reports. UBS Group set a $180.00 target price on shares of Walmart in a report on Tuesday, February 8th. Exane BNP Paribas raised shares of Walmart from an “underperform” rating to a “neutral” rating in a report on Friday, February 11th. StockNews.com initiated coverage on shares of Walmart in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. BNP Paribas raised shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 target price on the stock in a report on Friday, February 11th. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Walmart in a report on Friday, February 18th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $167.25.

WMT traded up $0.57 during trading on Friday, hitting $148.05. 6,646,300 shares of the stock traded hands, compared to its average volume of 6,659,461. The firm has a 50-day moving average of $150.28 and a 200 day moving average of $144.69. Walmart Inc. has a 12-month low of $132.01 and a 12-month high of $160.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.28. The firm has a market capitalization of $407.55 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 3.97 and a beta of 0.49.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Thursday, February 17th. The retailer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.50 by $0.03. Walmart had a net margin of 2.39% and a return on equity of 20.42%. The firm had revenue of $152.90 billion during the quarter, compared to analysts’ expectations of $150.20 billion. During the same period last year, the company posted $1.39 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 6.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a $0.56 dividend. The ex-dividend date is Thursday, December 8th. This represents a $2.24 annualized dividend and a dividend yield of 1.51%. Walmart’s dividend payout ratio is 45.90%.

In related news, EVP John R. Furner sold 15,100 shares of Walmart stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $138.07, for a total transaction of $2,084,857.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $154.41, for a total transaction of $1,499,012.28. Following the transaction, the chief executive officer now directly owns 1,536,571 shares of the company’s stock, valued at $237,261,928.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,426,790 shares of company stock valued at $195,406,267. Corporate insiders own 48.44% of the company’s stock.

Walmart Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Further Reading

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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