Seizert Capital Partners LLC Has $40.30 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Seizert Capital Partners LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 459,029 shares of the retailer’s stock after selling 50,771 shares during the quarter. Walmart accounts for 1.8% of Seizert Capital Partners LLC’s portfolio, making the stock its 26th largest holding. Seizert Capital Partners LLC’s holdings in Walmart were worth $40,298,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after acquiring an additional 7,860,306 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. APG Asset Management N.V. increased its position 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 worth $324,410,000 after purchasing an additional 3,512,368 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position 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 worth $882,282,000 after purchasing an additional 3,182,477 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.8%

Shares of Walmart stock opened at $98.37 on Wednesday. The business has a fifty day simple moving average of $96.76 and a 200 day simple moving average of $94.91. The stock has a market cap of $785.03 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 4.70 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (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 return on equity of 21.76% and a net margin of 2.75%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares of the company’s stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares of the company’s stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock worth $14,078,027 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. Citigroup reaffirmed a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Truist Financial raised their price target on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Stifel Nicolaus reduced their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.67.

Walmart 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.