Seaview Investment Managers LLC Sells 18,701 Shares of Walmart Inc. (NYSE:WMT)

Seaview Investment Managers LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,730 shares of the retailer's stock after selling 18,701 shares during the quarter. Walmart accounts for approximately 2.8% of Seaview Investment Managers LLC's portfolio, making the stock its 15th largest holding. Seaview Investment Managers LLC's holdings in Walmart were worth $10,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. raised its holdings in Walmart by 0.5% during 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 last quarter. Geode Capital Management LLC raised its stake in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the last quarter. Norges Bank purchased a new stake in shares of Walmart during the fourth quarter worth about $5,737,355,000. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of 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 during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,782 shares of company stock valued at $16,785,305. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Evercore ISI dropped their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Citigroup reissued a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Walmart Stock Performance

WMT traded up $0.16 during trading on Wednesday, hitting $95.01. The company's stock had a trading volume of 18,035,767 shares, compared to its average volume of 17,839,513. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The business's 50 day simple moving average is $91.09 and its 200-day simple moving average is $90.51. 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 firm has a market cap of $761.68 billion, a PE ratio of 39.42, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

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.