Sustainable Insight Capital Management LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

Sustainable Insight Capital Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,884 shares of the retailer’s stock after purchasing an additional 2,000 shares during the period. Walmart accounts for about 1.3% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 25th biggest holding. Sustainable Insight Capital Management LLC’s holdings in Walmart were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Whelan Financial boosted its position in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares during the period. Bedel Financial Consulting Inc. boosted its position in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock worth $2,275,000 after purchasing an additional 102 shares during the period. Scott & Selber Inc. boosted its position in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after purchasing an additional 105 shares during the period. Capital Advisors Wealth Management LLC boosted its position in Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after purchasing an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC boosted its position in Walmart by 1.8% during the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock worth $517,000 after purchasing an additional 106 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $104.01 on Tuesday. The firm’s 50 day moving average is $97.38 and its two-hundred day moving average is $95.46. Walmart Inc. has a 52 week low of $67.14 and a 52 week high of $105.30. The firm has a market capitalization of $830.08 billion, a P/E ratio of 44.45, a PEG ratio of 4.99 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. Walmart’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Analyst Ratings Changes

A number of research firms have weighed in on WMT. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Evercore ISI upped their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $106.67.

Insider Buying and Selling

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the transaction, the executive vice president owned 649,233 shares of the company’s stock, valued at $62,066,674.80. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock valued at $14,080,073 in the last ninety days. Insiders own 0.10% 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.