Stonebridge Capital Advisors LLC Has $22.92 Million Stake in Walmart Inc. (NYSE:WMT)

Stonebridge Capital Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 253,725 shares of the retailer's stock after selling 4,633 shares during the period. Walmart makes up 1.8% of Stonebridge Capital Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Stonebridge Capital Advisors LLC's holdings in Walmart were worth $22,924,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Hancock Whitney Corp lifted its position in shares of Walmart by 11.1% in the 4th quarter. Hancock Whitney Corp now owns 172,960 shares of the retailer's stock worth $15,627,000 after acquiring an additional 17,327 shares during the period. Seven Springs Wealth Group LLC bought a new position in Walmart in the fourth quarter worth $269,000. Voya Investment Management LLC boosted its stake in Walmart by 3.2% during the fourth quarter. Voya Investment Management LLC now owns 5,496,264 shares of the retailer's stock worth $496,409,000 after buying an additional 168,032 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Walmart by 8.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 221,421 shares of the retailer's stock valued at $20,005,000 after buying an additional 17,434 shares during the period. Finally, Burling Wealth Partners LLC acquired a new position in shares of Walmart in the 4th quarter valued at $376,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT stock opened at $95.01 on Thursday. The stock has a market cap of $761.68 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The stock has a 50-day moving average of $90.91 and a 200-day moving average of $90.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $58.58 and a one year high of $105.30.

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

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research note on Thursday, April 10th. Roth Mkm reissued a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. UBS Group decreased their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Raymond James lowered their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus cut their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,533 shares of company stock worth $13,241,740. Insiders own 45.58% of the company's stock.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.