Graham Capital Management L.P. Has $7.57 Million Position in Walmart Inc. (NYSE:WMT)

Graham Capital Management L.P. decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 70.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,748 shares of the retailer’s stock after selling 197,199 shares during the quarter. Graham Capital Management L.P.’s holdings in Walmart were worth $7,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its position in shares of Walmart by 1.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer’s stock valued at $1,565,000 after acquiring an additional 226 shares during the period. Watts Gwilliam & Co. LLC boosted its holdings in Walmart by 24.7% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 24,260 shares of the retailer’s stock valued at $2,203,000 after purchasing an additional 4,806 shares during the period. First International Bank & Trust grew its position in shares of Walmart by 18.7% during the 4th quarter. First International Bank & Trust now owns 13,681 shares of the retailer’s stock worth $1,236,000 after purchasing an additional 2,159 shares in the last quarter. Avondale Wealth Management increased its holdings in shares of Walmart by 4.2% during the fourth quarter. Avondale Wealth Management now owns 11,150 shares of the retailer’s stock worth $1,007,000 after purchasing an additional 450 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Walmart by 25.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,910,626 shares of the retailer’s stock valued at $262,975,000 after buying an additional 593,874 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. JPMorgan Chase & Co. lifted their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Truist Financial dropped their target price on shares of Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Mizuho started coverage on Walmart in a research note on Friday, April 11th. They set an “outperform” rating and a $105.00 target price for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.94.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock worth $12,444,743 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.7 %

WMT opened at $96.78 on Friday. Walmart Inc. has a twelve month low of $59.44 and a twelve month high of $105.30. The company has a fifty day moving average of $90.66 and a 200-day moving average of $91.91. The stock has a market cap of $774.33 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Walmart Company 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.