SeaTown Holdings Pte. Ltd. Has $10.55 Million Stake in Walmart Inc. (NYSE:WMT)

SeaTown Holdings Pte. Ltd. cut its position in Walmart Inc. (NYSE:WMT) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,808 shares of the retailer’s stock after selling 65,910 shares during the period. Walmart comprises about 7.2% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 5th largest position. SeaTown Holdings Pte. Ltd.’s holdings in Walmart were worth $10,554,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kelly Financial Services LLC bought a new position in shares of Walmart during the 4th quarter valued at about $6,159,000. Cadinha & Co. LLC raised its holdings in Walmart by 1,451.8% during the 4th quarter. Cadinha & Co. LLC now owns 216,510 shares of the retailer’s stock worth $19,562,000 after buying an additional 202,558 shares during the period. Stillwater Capital Advisors LLC lifted its stake in Walmart by 0.8% in the fourth quarter. Stillwater Capital Advisors LLC now owns 253,659 shares of the retailer’s stock valued at $22,918,000 after buying an additional 2,000 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of Walmart by 5.4% in the fourth quarter. Clarius Group LLC now owns 38,381 shares of the retailer’s stock valued at $3,468,000 after buying an additional 1,953 shares during the period. Finally, Joule Financial LLC bought a new stake in shares of Walmart during the fourth quarter worth $213,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. KeyCorp increased their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Stock Performance

WMT opened at $92.02 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a market capitalization of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The business has a fifty day simple moving average of $91.15 and a 200 day simple moving average of $81.37. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

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.