Allied Investment Advisors LLC purchased a new position in Walmart Inc (NYSE:WMT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,368 shares of the retailer’s stock, valued at approximately $4,875,000. Walmart accounts for approximately 4.1% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest holding.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Walmart by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares in the last quarter. FMR LLC raised its holdings in Walmart by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP raised its holdings in Walmart by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock valued at $1,156,909,000 after buying an additional 224,821 shares during the period. Ameriprise Financial Inc. raised its holdings in Walmart by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock valued at $696,979,000 after buying an additional 45,217 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Walmart by 43.5% during the 4th quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock valued at $859,814,000 after buying an additional 2,637,516 shares during the period. Institutional investors and hedge funds own 30.03% of the company’s stock.
Walmart Inc (NYSE WMT) opened at $88.07 on Tuesday. Walmart Inc has a 12-month low of $69.33 and a 12-month high of $109.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.76. The stock has a market capitalization of $260,900.00, a price-to-earnings ratio of 27.52, a PEG ratio of 3.14 and a beta of 0.57.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, December 6th. Walmart’s payout ratio is 65.00%.
WMT has been the topic of several recent research reports. BMO Capital Markets set a $96.00 price target on Walmart and gave the company a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. CIBC decreased their price target on Walmart from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Stephens set a $117.00 price target on Walmart and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Jefferies Group restated a “buy” rating and set a $119.00 price target on shares of Walmart in a report on Friday, February 16th. Nineteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $102.40.
Walmart Company Profile
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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