Weatherstone Capital Management Invests $1.69 Million in Walmart Inc (WMT)

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Weatherstone Capital Management acquired a new position in shares of Walmart Inc (NYSE:WMT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,019 shares of the retailer’s stock, valued at approximately $1,692,000.

Other large investors have also recently bought and sold shares of the company. Weather Gauge Advisory LLC bought a new position in shares of Walmart during the fourth quarter worth about $339,000. IMS Capital Management grew its stake in Walmart by 7.7% in the third quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock valued at $1,556,000 after purchasing an additional 1,188 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Walmart in the third quarter valued at approximately $39,376,000. Bath Savings Trust Co grew its stake in Walmart by 3.8% in the fourth quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock valued at $302,000 after purchasing an additional 118 shares in the last quarter. Finally, Legacy Capital Partners Inc. grew its stake in Walmart by 11.3% in the fourth quarter. Legacy Capital Partners Inc. now owns 10,057 shares of the retailer’s stock valued at $937,000 after purchasing an additional 1,017 shares in the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.

A number of research analysts have weighed in on the company. Daiwa Capital Markets set a $104.00 price target on Walmart and gave the company a “hold” rating in a research note on Friday, February 22nd. Citigroup raised their price target on Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. BMO Capital Markets restated a “buy” rating and issued a $115.00 price target on shares of Walmart in a research note on Thursday, February 21st. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Morgan Stanley set a $113.00 price target on Walmart and gave the company an “overweight” rating in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.29.

WMT opened at $98.42 on Friday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $106.21. The company has a market capitalization of $291.56 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 4.53 and a beta of 0.34. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The company had revenue of $137.74 billion during the quarter, compared to analysts’ expectations of $137.63 billion. During the same period last year, the firm posted $1.33 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc will post 4.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.15%. Walmart’s payout ratio is 42.36%.

In related news, major shareholder Alice L. Walton sold 1,855,869 shares of Walmart stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the completion of the sale, the insider now directly owns 15,557,224 shares of the company’s stock, valued at approximately $1,548,877,221.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 500,500 shares of Walmart stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $92.29, for a total value of $46,191,145.00. Following the sale, the director now directly owns 3,347,254 shares of the company’s stock, valued at $308,918,071.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,094,148 shares of company stock valued at $986,307,308. Insiders own 51.11% of the company’s stock.

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Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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