Coastline Trust Co Has $3.86 Million Holdings in Walmart Inc. (NYSE:WMT)

Coastline Trust Co lifted its position in Walmart Inc. (NYSE:WMT) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,662 shares of the retailer’s stock after purchasing an additional 7,310 shares during the quarter. Coastline Trust Co’s holdings in Walmart were worth $3,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Norges Bank acquired a new position in shares of Walmart in the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. acquired a new position in Walmart during the 4th quarter worth $2,306,627,000. Jennison Associates LLC boosted its position in Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after buying an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the period. Finally, APG Asset Management N.V. increased its position in Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock worth $324,410,000 after purchasing an additional 3,512,368 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,782 shares of company stock worth $16,785,305 in the last three months. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of Walmart stock opened at $93.17 on Friday. The stock has a market capitalization of $746.93 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a fifty day moving average of $91.52 and a 200-day moving average of $90.26. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Truist Financial raised their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp increased their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $103.58.

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.