Snider Financial Group Has $5.08 Million Stock Position in Walmart Inc. (NYSE:WMT)

Snider Financial Group lowered its position in Walmart Inc. (NYSE:WMT) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,803 shares of the retailer’s stock after selling 3,878 shares during the period. Walmart accounts for about 1.6% of Snider Financial Group’s holdings, making the stock its 17th biggest position. Snider Financial Group’s holdings in Walmart were worth $5,075,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Tallon Kerry Patrick bought a new stake in Walmart during the 4th quarter worth approximately $252,000. LaFleur & Godfrey LLC grew its holdings in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after buying an additional 992 shares in the last quarter. Eagle Capital Management LLC raised its position in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after buying an additional 321 shares during the last quarter. Brighton Jones LLC lifted its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Walmart during the 4th quarter worth $10,645,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.5%

Shares of WMT opened at $97.82 on Friday. Walmart Inc. has a twelve month low of $65.64 and a twelve month high of $105.30. The stock has a market cap of $782.64 billion, a PE ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $94.53 and its 200-day moving average price is $93.76.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. Walmart’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMT. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. KeyCorp lifted their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.16.

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.