Seascape Capital Management Purchases 608 Shares of Walmart Inc. (NYSE:WMT)

Seascape Capital Management grew its stake in shares of Walmart Inc. (NYSE:WMT) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,735 shares of the retailer’s stock after purchasing an additional 608 shares during the period. Seascape Capital Management’s holdings in Walmart were worth $416,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WMT. Norges Bank bought a new stake in shares of Walmart during the 4th quarter valued at about $5,737,355,000. GAMMA Investing LLC boosted its stake in shares of Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock valued at $324,410,000 after purchasing an additional 3,512,368 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer’s stock valued at $882,282,000 after purchasing an additional 3,182,477 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the sale, the chief executive officer directly owned 4,431,783 shares of the company’s stock, valued at $430,724,989.77. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 in the last 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. UBS Group lowered their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Stifel Nicolaus lowered their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart Price Performance

Shares of NYSE WMT opened at $98.29 on Friday. The firm has a market cap of $784.40 billion, a PE ratio of 42.00, a PEG ratio of 4.73 and a beta of 0.68. The firm has a fifty day moving average of $97.14 and a 200 day moving average of $94.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is presently 40.17%.

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.