Stanley Laman Group Ltd. Sells 1,015 Shares of Walmart Inc. (NYSE:WMT)


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Stanley Laman Group Ltd. cut its holdings in Walmart Inc. (NYSE:WMT) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,893 shares of the retailer’s stock after selling 1,015 shares during the period. Stanley Laman Group Ltd.’s holdings in Walmart were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Walmart by 131.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 260,033 shares of the retailer’s stock valued at $37,484,000 after buying an additional 147,704 shares in the last quarter. Wellington Shields & Co. LLC increased its position in Walmart by 28.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 15,699 shares of the retailer’s stock valued at $2,263,000 after buying an additional 3,500 shares in the last quarter. Marietta Wealth Management LLC increased its position in Walmart by 2.9% in the 4th quarter. Marietta Wealth Management LLC now owns 42,307 shares of the retailer’s stock valued at $6,099,000 after buying an additional 1,201 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Walmart by 16.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 903,862 shares of the retailer’s stock valued at $130,292,000 after buying an additional 128,862 shares in the last quarter. Finally, Summit Asset Management LLC increased its position in Walmart by 37.9% in the 4th quarter. Summit Asset Management LLC now owns 19,295 shares of the retailer’s stock valued at $2,781,000 after buying an additional 5,300 shares in the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.

In related news, Director S Robson Walton sold 177,513 shares of the stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $152.43, for a total value of $27,058,306.59. Following the completion of the transaction, the director now directly owns 2,980,991 shares of the company’s stock, valued at $454,392,458.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Jim C. Walton sold 260,000 shares of the stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $150.41, for a total transaction of $39,106,600.00. Over the last ninety days, insiders have sold 8,965,000 shares of company stock valued at $1,311,930,995. Insiders own 50.43% of the company’s stock.

A number of brokerages recently commented on WMT. Barclays boosted their target price on Walmart from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 18th. Stifel Nicolaus lifted their price target on Walmart from $130.00 to $150.00 and gave the company a “fair value” rating in a research note on Wednesday, November 18th. They noted that the move was a valuation call. Smith Barney Citigroup lifted their price target on Walmart from $155.00 to $172.00 in a research note on Wednesday, November 18th. Credit Suisse Group set a $150.00 price target on Walmart and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James lifted their price target on Walmart from $145.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, November 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $149.72.

Shares of NYSE:WMT traded down $1.67 during midday trading on Tuesday, hitting $136.02. 233,903 shares of the stock traded hands, compared to its average volume of 8,356,229. The stock has a market capitalization of $384.84 billion, a PE ratio of 21.96, a P/E/G ratio of 4.86 and a beta of 0.27. The business’s 50 day moving average is $144.34 and its two-hundred day moving average is $142.76. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. Walmart Inc. has a one year low of $102.00 and a one year high of $153.66.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 18th. The retailer reported $1.39 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.12). 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 company earned $1.38 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 5.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Friday, December 10th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, December 9th. Walmart’s dividend payout ratio (DPR) is 43.81%.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, 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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