SeaTown Holdings Pte. Ltd. Reduces Stake in Walmart Inc. (NYSE:WMT)

SeaTown Holdings Pte. Ltd. lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,808 shares of the retailer's stock after selling 65,910 shares during the period. Walmart makes up 7.2% of SeaTown Holdings Pte. Ltd.'s investment portfolio, making the stock its 5th largest holding. SeaTown Holdings Pte. Ltd.'s holdings in Walmart were worth $10,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brophy Wealth Management LLC purchased a new stake in shares of Walmart during the third quarter valued at approximately $2,072,000. Bank of New Hampshire boosted its stake in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank increased its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart during the third quarter valued at $541,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Royal Bank of Canada restated an "outperform" rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. DZ Bank lowered shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target for the company. in a research report on Thursday, November 21st. Finally, UBS Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average target price of $94.49.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.72 on Monday, reaching $92.02. The company's stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The company has a market cap of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a 50-day simple moving average of $91.15 and a 200 day simple moving average of $81.46. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company's stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,478,149 over the last 90 days. Company insiders own 45.58% of the company's stock.

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.