James Hambro & Partners Sells 203 Shares of Walmart Inc. (NYSE:WMT)


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James Hambro & Partners lessened its stake in Walmart Inc. (NYSE:WMT) by 6.3% in the first quarter, HoldingsChannel reports. The fund owned 3,000 shares of the retailer’s stock after selling 203 shares during the period. James Hambro & Partners’ holdings in Walmart were worth $408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co lifted its stake in shares of Walmart by 2.1% in the 1st quarter. WASHINGTON TRUST Co now owns 124,363 shares of the retailer’s stock valued at $16,892,000 after acquiring an additional 2,529 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in shares of Walmart by 28.8% in the 1st quarter. Delta Asset Management LLC TN now owns 193,693 shares of the retailer’s stock valued at $26,309,000 after acquiring an additional 43,256 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Walmart by 5.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 678,125 shares of the retailer’s stock valued at $91,934,000 after acquiring an additional 34,469 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Walmart by 2.6% in the 1st quarter. DAVENPORT & Co LLC now owns 57,174 shares of the retailer’s stock valued at $7,766,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Crestone Asset Management LLC lifted its stake in shares of Walmart by 15.3% in the 1st quarter. Crestone Asset Management LLC now owns 1,715 shares of the retailer’s stock valued at $233,000 after acquiring an additional 228 shares during the last quarter. 29.34% of the stock is owned by institutional investors.

In other news, Director S Robson Walton sold 289,560 shares of the firm’s stock in a transaction on Thursday, February 25th. The stock was sold at an average price of $131.86, for a total value of $38,181,381.60. Following the transaction, the director now directly owns 3,215,991 shares in the company, valued at approximately $424,060,573.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $141.01, for a total value of $1,368,925.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,009,708 shares of company stock worth $264,285,412. Company insiders own 50.43% of the company’s stock.

A number of research firms have commented on WMT. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating and set a $147.00 price target for the company in a research report on Tuesday, April 20th. MKM Partners lowered their price target on Walmart from $154.00 to $141.00 in a research report on Tuesday, March 16th. Morgan Stanley lowered their price target on Walmart from $156.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, February 25th. Raymond James lowered their price target on Walmart from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, February 25th. Finally, FIX lowered Walmart from a “hold” rating to a “sell” rating and lowered their price target for the company from $157.00 to $131.00 in a research report on Monday, January 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $154.63.

Shares of WMT opened at $141.85 on Tuesday. The business’s fifty day simple moving average is $137.10 and its two-hundred day simple moving average is $142.03. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12 month low of $117.01 and a 12 month high of $153.66. The company has a market cap of $399.23 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 4.86 and a beta of 0.27.

Walmart (NYSE:WMT) last issued 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 business had revenue of $152.08 billion for the quarter, compared to analysts’ expectations 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. As a group, research analysts forecast that Walmart Inc. will post 5.35 EPS for the current year.

Walmart declared that its Board of Directors has approved a share buyback program on Thursday, February 18th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Friday, December 10th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.55%. Walmart’s dividend payout ratio (DPR) is currently 44.62%.

Walmart Profile

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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