Stonebridge Capital Management Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the retailer’s stock after acquiring an additional 200 shares during the quarter. Stonebridge Capital Management Inc.’s holdings in Walmart were worth $340,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Black Swift Group LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $26,000. Greenhouse Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $26,000. Albion Financial Group UT acquired a new position in shares of Walmart during the 4th quarter worth approximately $27,000. ShoreHaven Wealth Partners LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $29,000. Finally, Perennial Advisors LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Institutional investors own 29.34% of the company’s stock.
In related news, Director Randall L. Stephenson purchased 7,725 shares of the firm’s stock in a transaction dated Monday, March 8th. The stock was bought at an average price of $129.63 per share, with a total value of $1,001,391.75. Following the completion of the purchase, the director now owns 8,308 shares in the company, valued at approximately $1,076,966.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 710,440 shares of the stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $130.64, for a total value of $92,811,881.60. Following the completion of the sale, the insider now directly owns 21,748,580 shares of the company’s stock, valued at approximately $2,841,234,491.20. The disclosure for this sale can be found here. In the last three months, insiders sold 2,035,000 shares of company stock valued at $267,991,487. Insiders own 50.43% of the company’s stock.
Walmart stock traded up $0.33 during trading hours on Thursday, hitting $140.13. The stock had a trading volume of 107,950 shares, compared to its average volume of 9,552,190. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The stock has a market cap of $394.76 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 4.86 and a beta of 0.27. Walmart Inc. has a one year low of $117.01 and a one year high of $153.66. The business’s 50 day simple moving average is $133.89 and its 200-day simple moving average is $142.07.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 18th. The retailer reported $1.39 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.12). The firm had revenue of $152.08 billion during the quarter, compared to the consensus estimate of $148.52 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. During the same quarter in the prior year, the business posted $1.38 earnings per share. Research analysts anticipate that Walmart Inc. will post 5.35 EPS for the current fiscal year.
Walmart announced that its board has approved a stock repurchase program on Thursday, February 18th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.57%. Walmart’s dividend payout ratio is presently 44.62%.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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