HM Payson & Co. lowered its holdings in Walmart Inc (NYSE:WMT) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,952 shares of the retailer’s stock after selling 1,578 shares during the period. HM Payson & Co.’s holdings in Walmart were worth $13,780,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. UBS Asset Management Americas Inc. grew its stake in Walmart by 32.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 6,997,162 shares of the retailer’s stock valued at $831,543,000 after acquiring an additional 1,725,977 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Walmart by 22.1% during the fourth quarter. Renaissance Technologies LLC now owns 8,926,837 shares of the retailer’s stock worth $1,060,865,000 after buying an additional 1,614,100 shares during the last quarter. Johanson Financial Advisors Inc. lifted its holdings in shares of Walmart by 11,851.3% during the fourth quarter. Johanson Financial Advisors Inc. now owns 1,532,872 shares of the retailer’s stock worth $12,903,000 after buying an additional 1,520,046 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Walmart by 67.6% in the fourth quarter. Janus Henderson Group PLC now owns 2,593,989 shares of the retailer’s stock worth $308,261,000 after acquiring an additional 1,046,394 shares during the last quarter. Finally, State Street Corp increased its position in Walmart by 1.4% during the third quarter. State Street Corp now owns 70,612,397 shares of the retailer’s stock worth $8,380,279,000 after acquiring an additional 985,538 shares during the period. Institutional investors and hedge funds own 30.37% of the company’s stock.
Shares of NYSE:WMT traded down $1.22 during trading on Thursday, reaching $108.19. The stock had a trading volume of 4,896,423 shares, compared to its average volume of 14,243,322. The stock has a market capitalization of $325.80 billion, a PE ratio of 20.84, a P/E/G ratio of 4.56 and a beta of 0.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.79 and a quick ratio of 0.22. Walmart Inc has a 52 week low of $96.53 and a 52 week high of $128.08. The business’s 50-day moving average price is $115.44 and its 200 day moving average price is $117.44.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 18th. The retailer reported $1.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.05). Walmart had a net margin of 2.84% and a return on equity of 18.16%. The business had revenue of $141.70 billion for the quarter, compared to analyst estimates of $141.67 billion. During the same period in the prior year, the business earned $1.41 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that Walmart Inc will post 5.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.00%. Walmart’s dividend payout ratio (DPR) is presently 43.81%.
Several equities analysts recently commented on WMT shares. Atlantic Securities assumed coverage on shares of Walmart in a research note on Thursday. They set an “overweight” rating and a $130.00 target price for the company. Cleveland Research upgraded shares of Walmart from a “neutral” rating to a “buy” rating in a report on Tuesday. Wolfe Research lowered shares of Walmart to a “hold” rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their target price on shares of Walmart from $115.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Finally, BNP Paribas assumed coverage on Walmart in a research note on Thursday. They set an “underperform” rating and a $98.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $126.21.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $117.41, for a total value of $9,979,850.00. Following the transaction, the executive vice president now directly owns 2,466,418 shares in the company, valued at approximately $289,582,137.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP M. Brett Biggs sold 16,205 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $114.39, for a total value of $1,853,689.95. Following the completion of the transaction, the executive vice president now owns 264,445 shares in the company, valued at $30,249,863.55. The disclosure for this sale can be found here. Insiders sold 321,205 shares of company stock valued at $37,403,190 over the last ninety days. 51.11% of the stock is currently owned by company insiders.
Walmart Company 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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