Signature Resources Capital Management LLC Makes New $35,000 Investment in Walmart Inc. (NYSE:WMT)

Signature Resources Capital Management LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 220 shares of the retailer’s stock, valued at approximately $35,000.

A number of other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. grew its stake in shares of Walmart by 0.6% during the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after purchasing an additional 751,713 shares during the last quarter. Morgan Stanley lifted its stake in shares of Walmart by 1.8% during the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after acquiring an additional 426,388 shares during the period. FMR LLC increased its position in Walmart by 8.5% in the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock worth $2,698,519,000 after purchasing an additional 1,317,729 shares during the period. Northern Trust Corp lifted its position in Walmart by 4.0% during the 3rd quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock valued at $2,361,411,000 after purchasing an additional 562,256 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Walmart by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock valued at $2,081,120,000 after purchasing an additional 78,981 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Jim C. Walton sold 2,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the insider now directly owns 656,395,261 shares in the company, valued at $38,582,913,441.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the transaction, the director now directly owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jim C. Walton sold 2,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the insider now owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock worth $1,696,045,631 over the last three months. Insiders own 46.51% of the company’s stock.

Walmart Stock Performance

NYSE WMT traded up $0.11 during trading on Friday, reaching $59.82. 14,207,397 shares of the company’s stock were exchanged, compared to its average volume of 13,769,110. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The business has a 50 day moving average price of $60.06 and a 200-day moving average price of $55.99. The stock has a market capitalization of $482.03 billion, a P/E ratio of 31.26, a PEG ratio of 3.90 and a beta of 0.49. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65.

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

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a yield of 1.39%. Walmart’s dividend payout ratio is currently 43.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Evercore ISI dropped their price target on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $68.00 price objective on shares of Walmart in a research note on Wednesday, March 27th. Oppenheimer decreased their price objective on shares of Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley decreased their price target on shares of Walmart to $66.67 and set an “overweight” rating for the company in a report on Monday, February 26th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.75.

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.