Stonebridge Capital Management Inc. Grows Stock Position in Walmart Inc. (NYSE:WMT)


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Stonebridge Capital Management Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,500 shares of the retailer’s stock after acquiring an additional 200 shares during the period. Stonebridge Capital Management Inc.’s holdings in Walmart were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. raised its position in Walmart by 0.7% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 10,401 shares of the retailer’s stock valued at $1,499,000 after purchasing an additional 69 shares during the last quarter. Stonebridge Financial Planning Group LLC raised its position in Walmart by 8.7% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 872 shares of the retailer’s stock valued at $126,000 after purchasing an additional 70 shares during the last quarter. Pegasus Asset Management Inc. raised its position in Walmart by 0.7% during the 4th quarter. Pegasus Asset Management Inc. now owns 10,533 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 72 shares during the last quarter. Hardy Reed LLC raised its position in Walmart by 3.8% during the 4th quarter. Hardy Reed LLC now owns 1,962 shares of the retailer’s stock valued at $283,000 after purchasing an additional 72 shares during the last quarter. Finally, Tsfg LLC raised its position in Walmart by 13.1% during the 4th quarter. Tsfg LLC now owns 648 shares of the retailer’s stock valued at $93,000 after purchasing an additional 75 shares during the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE WMT traded up $0.33 during midday trading on Thursday, hitting $140.13. 107,950 shares of the stock traded hands, compared to its average volume of 9,552,190. Walmart Inc. has a one year low of $117.01 and a one year high of $153.66. The firm has a 50-day moving average of $133.89 and a two-hundred day moving average of $142.07. The firm has a market capitalization of $394.76 billion, a P/E ratio of 22.31, a PEG ratio of 4.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 18th. The retailer reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.12). The company had revenue of $152.08 billion during the quarter, compared to analysts’ expectations of $148.52 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. During the same quarter in the prior year, the business posted $1.38 EPS. Equities analysts forecast that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 3rd. Investors of record on Friday, December 10th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.57%. Walmart’s dividend payout ratio is currently 44.62%.

Walmart announced that its Board of Directors has initiated a stock buyback program on Thursday, February 18th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

WMT has been the subject of a number of recent analyst reports. 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. Credit Suisse Group set a $150.00 target price on Walmart and gave the stock a “buy” rating in a report on Friday, February 19th. Deutsche Bank Aktiengesellschaft reduced their target price on Walmart from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, February 19th. Raymond James reduced their target price on Walmart from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, February 25th. Finally, Royal Bank of Canada set a $162.00 target price on Walmart and gave the stock a “buy” rating in a report on Friday, February 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $154.11.

In other Walmart news, Director S Robson Walton sold 410,115 shares of the firm’s stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $131.54, for a total value of $53,946,527.10. Following the completion of the sale, the director now owns 3,215,991 shares of the company’s stock, valued at $423,031,456.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Randall L. Stephenson acquired 7,725 shares of the firm’s stock in a transaction on Monday, March 8th. The stock was purchased at an average cost of $129.63 per share, with a total value of $1,001,391.75. Following the purchase, the director now owns 8,308 shares of the company’s stock, valued at $1,076,966.04. The disclosure for this purchase can be found here. In the last quarter, insiders sold 2,035,000 shares of company stock valued at $267,991,487. 50.43% of the stock is currently owned by company insiders.

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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