Walmart Inc. $WMT Shares Bought by Breed s Hill Capital LLC

Breed s Hill Capital LLC lifted its position in Walmart Inc. (NYSE:WMT) by 30.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,381 shares of the retailer’s stock after acquiring an additional 2,208 shares during the quarter. Breed s Hill Capital LLC’s holdings in Walmart were worth $824,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WMT. Operose Advisors LLC grew its position in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Bear Mountain Capital Inc. grew its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after acquiring an additional 294 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart during the 1st quarter valued at approximately $35,000. Finally, Lipe & Dalton boosted its position in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares of the company’s stock, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the sale, the executive vice president directly owned 1,056,455 shares in the company, valued at $100,511,128.70. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,989 shares of company stock worth $10,976,478 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Walmart Stock Up 0.6%

Shares of Walmart stock opened at $101.3140 on Wednesday. The business’s fifty day moving average price is $97.74 and its two-hundred day moving average price is $95.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company has a market capitalization of $808.53 billion, a P/E ratio of 43.30, a PEG ratio of 4.84 and a beta of 0.66. Walmart Inc. has a 1-year low of $73.72 and a 1-year high of $105.30.

Walmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 90.0%. Walmart’s payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WMT shares. Robert W. Baird boosted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. KeyCorp boosted their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, June 9th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Finally, Oppenheimer boosted their price objective on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $109.89.

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.