Ropes Wealth Advisors LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,669 shares of the retailer’s stock after selling 236 shares during the period. Ropes Wealth Advisors LLC’s holdings in Walmart were worth $2,701,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Welch & Forbes LLC grew its stake in Walmart by 4.2% during the fourth quarter. Welch & Forbes LLC now owns 144,223 shares of the retailer’s stock valued at $20,867,000 after acquiring an additional 5,858 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Walmart by 3.2% during the fourth quarter. Capital Investment Advisors LLC now owns 29,550 shares of the retailer’s stock valued at $4,276,000 after acquiring an additional 924 shares in the last quarter. Wealth Quarterback LLC grew its stake in Walmart by 422.3% during the third quarter. Wealth Quarterback LLC now owns 44,234 shares of the retailer’s stock valued at $1,087,000 after acquiring an additional 35,765 shares in the last quarter. Boston Research & Management Inc. grew its stake in Walmart by 2.3% during the third quarter. Boston Research & Management Inc. now owns 47,208 shares of the retailer’s stock valued at $6,579,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Buckingham Strategic Wealth LLC grew its stake in Walmart by 15.0% during the third quarter. Buckingham Strategic Wealth LLC now owns 38,861 shares of the retailer’s stock valued at $5,416,000 after acquiring an additional 5,069 shares in the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.
In other news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $134.78, for a total value of $1,308,444.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $136.20, for a total transaction of $159,004,374.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,790 shares of company stock valued at $195,406,267 in the last quarter. 48.44% of the stock is currently owned by company insiders.
Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings data on Thursday, February 17th. The retailer reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.03. Walmart had a net margin of 2.39% and a return on equity of 20.42%. The company had revenue of $152.90 billion during the quarter, compared to analyst estimates of $150.20 billion. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 6.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $2.24 dividend on an annualized basis and a yield of 1.51%. Walmart’s payout ratio is 45.90%.
Several equities analysts recently weighed in on WMT shares. StockNews.com began coverage on shares of Walmart in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walmart from $186.00 to $184.00 and set a “buy” rating for the company in a research note on Friday, February 18th. Royal Bank of Canada began coverage on shares of Walmart in a research note on Thursday, January 27th. They issued an “outperform” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. set a $157.00 price objective on shares of Walmart in a research note on Thursday, February 17th. Finally, BNP Paribas raised shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 price objective for the company in a research note on Friday, February 11th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $167.25.
Walmart Company Profile (Get Rating)
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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