Coastline Trust Co Buys 7,310 Shares of Walmart Inc. (NYSE:WMT)

Coastline Trust Co increased its position in shares of Walmart Inc. (NYSE:WMT) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,662 shares of the retailer’s stock after purchasing an additional 7,310 shares during the period. Coastline Trust Co’s holdings in Walmart were worth $3,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Principal Financial Group Inc. lifted its position in shares of Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares during the period. Virtu Financial LLC bought a new stake in Walmart during the 3rd quarter valued at $541,000. SOA Wealth Advisors LLC. increased its holdings in shares of Walmart by 4.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer’s stock valued at $731,000 after acquiring an additional 364 shares during the period. Aldebaran Financial Inc. lifted its stake in shares of Walmart by 10.9% during the 3rd quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer’s stock worth $1,797,000 after purchasing an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. bought a new stake in Walmart during the third quarter valued at about $504,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on WMT shares. Raymond James decreased their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lifted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Evercore ISI reduced their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada cut their price objective on shares of Walmart from $107.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Stock Up 2.2 %

WMT stock opened at $93.17 on Friday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company’s 50 day simple moving average is $91.52 and its 200-day simple moving average is $90.26. The firm has a market capitalization of $746.93 billion, a PE ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,782 shares of company stock worth $16,785,305 over the last three months. 45.58% of the stock is owned by insiders.

About Walmart

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.