Sentry Investment Management LLC Sells 2,432 Shares of Walmart Inc (NYSE:WMT)

Sentry Investment Management LLC lessened its holdings in shares of Walmart Inc (NYSE:WMT) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,705 shares of the retailer’s stock after selling 2,432 shares during the period. Sentry Investment Management LLC’s holdings in Walmart were worth $8,822,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. bought a new position in Walmart in the fourth quarter valued at approximately $26,000. Ironwood Financial llc acquired a new stake in Walmart during the 4th quarter worth approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in Walmart during the 4th quarter worth approximately $28,000. Winch Advisory Services LLC lifted its holdings in Walmart by 45.1% during the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after purchasing an additional 107 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $41,000. Institutional investors own 28.94% of the company’s stock.

NYSE WMT traded up $0.02 on Friday, hitting $103.18. 3,727,937 shares of the stock traded hands, compared to its average volume of 5,611,238. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $106.21. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. The firm has a market cap of $305.66 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 4.75 and a beta of 0.34.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The firm had revenue of $137.74 billion during the quarter, compared to analyst estimates of $137.63 billion. During the same period last year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts forecast that Walmart Inc will post 4.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.05%. Walmart’s payout ratio is 43.18%.

Several brokerages have weighed in on WMT. DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Tuesday, February 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $108.00 price target on shares of Walmart in a report on Wednesday, February 20th. Barclays reissued a “buy” rating and set a $113.00 price target on shares of Walmart in a report on Wednesday, February 20th. Finally, KeyCorp boosted their price objective on Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have given a buy rating to the company. Walmart has a consensus rating of “Hold” and an average target price of $105.82.

In other news, major shareholder Alice L. Walton sold 1,855,869 shares of Walmart stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $99.56, for a total value of $184,770,317.64. Following the transaction, the insider now owns 15,557,224 shares in the company, valued at $1,548,877,221.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director S Robson Walton sold 1,139,696 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $99.72, for a total value of $113,650,485.12. The disclosure for this sale can be found here. Insiders have sold 14,240,978 shares of company stock worth $1,406,078,670 in the last 90 days. Company insiders own 51.11% of the company’s stock.

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Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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