Seaview Investment Managers LLC Has $10.10 Million Stake in Walmart Inc. (NYSE:WMT)

Seaview Investment Managers LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 111,730 shares of the retailer’s stock after selling 18,701 shares during the quarter. Walmart accounts for about 2.8% of Seaview Investment Managers LLC’s investment portfolio, making the stock its 15th biggest position. Seaview Investment Managers LLC’s holdings in Walmart were worth $10,095,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after buying an additional 2,050,683 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter valued at about $5,737,355,000. Fisher Asset Management LLC increased its stake in Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares during the period. Finally, Franklin Resources Inc. raised its position in Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after purchasing an additional 514,036 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 2.2 %

Shares of NYSE:WMT opened at $93.17 on Friday. The company has a 50 day moving average price of $91.52 and a two-hundred day moving average price of $90.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $746.93 billion, a PE ratio of 38.66, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for 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%. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WMT shares. Stifel Nicolaus lowered 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. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Raymond James cut their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, KeyCorp lifted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.58.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 178,782 shares of company stock valued at $16,785,305. 45.58% of the stock is owned by corporate insiders.

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.