LGL Partners LLC Sells 284 Shares of Walmart Inc. (NYSE:WMT)

LGL Partners LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 17.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,353 shares of the retailer’s stock after selling 284 shares during the period. LGL Partners LLC’s holdings in Walmart were worth $213,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Seven Mile Advisory boosted its stake in shares of Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after purchasing an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC grew its holdings in Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the period. Avaii Wealth Management LLC grew its holdings in Walmart by 3.4% in the third quarter. Avaii Wealth Management LLC now owns 1,908 shares of the retailer’s stock worth $305,000 after purchasing an additional 63 shares during the period. Bill Few Associates Inc. grew its holdings in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the period. Finally, Gateway Advisory LLC grew its holdings in Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 10,950 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.33, for a total transaction of $638,750.00. Following the completion of the transaction, the senior vice president now owns 104,346 shares in the company, valued at $6,086,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Chojnowski sold 10,950 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.33, for a total value of $638,750.00. Following the completion of the sale, the senior vice president now owns 104,346 shares in the company, valued at approximately $6,086,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $55.72, for a total transaction of $167,160.00. Following the sale, the executive vice president now owns 530,613 shares of the company’s stock, valued at approximately $29,565,756.36. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock worth $1,696,035,551 over the last 90 days. 46.51% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Tigress Financial upped their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Stifel Europe upped their price objective on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Evercore ISI cut their price objective on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research note on Monday, February 19th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Price Performance

Shares of NYSE WMT traded down $0.82 during midday trading on Tuesday, reaching $59.42. The stock had a trading volume of 7,455,123 shares, compared to its average volume of 18,621,055. The stock has a 50-day moving average of $59.98 and a 200-day moving average of $55.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The company has a market capitalization of $478.91 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 3.93 and a beta of 0.49. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a yield of 1.40%. Walmart’s dividend payout ratio (DPR) is currently 43.38%.

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.