Summit Global Investments Has $5.95 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Summit Global Investments cut its holdings in Walmart Inc. (NYSE:WMT) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,801 shares of the retailer’s stock after selling 5,138 shares during the period. Summit Global Investments’ holdings in Walmart were worth $5,945,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Millstone Evans Group LLC bought a new stake in Walmart in the fourth quarter worth $529,000. Wealth Advisors of Iowa LLC boosted its holdings in Walmart by 35.6% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 3,663 shares of the retailer’s stock worth $331,000 after purchasing an additional 961 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in Walmart by 3.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 7,570 shares of the retailer’s stock worth $684,000 after purchasing an additional 228 shares in the last quarter. Wayfinding Financial LLC boosted its holdings in Walmart by 3.2% in the fourth quarter. Wayfinding Financial LLC now owns 11,686 shares of the retailer’s stock worth $1,058,000 after purchasing an additional 366 shares in the last quarter. Finally, Gutierrez Wealth Advisory LLC bought a new stake in Walmart in the fourth quarter worth $3,420,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,777 shares of company stock valued at $18,001,116. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $85.94 on Friday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. 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 capitalization of $688.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a 50-day moving average price of $95.19 and a 200 day moving average price of $88.95.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during 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%. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company 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 dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, February 25th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. upped their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus decreased their price target on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

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.