Kovack Advisors Inc. bought a new stake in shares of Walmart Inc (NYSE:WMT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,282 shares of the retailer’s stock, valued at approximately $1,608,000. Walmart comprises 0.8% of Kovack Advisors Inc.’s holdings, making the stock its 27th biggest position.
Other institutional investors have also added to or reduced their stakes in the company. Allied Investment Advisors LLC acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $4,875,000. Picton Mahoney Asset Management acquired a new stake in Walmart in the fourth quarter worth $5,382,000. Halbert Hargrove Russell LLC acquired a new stake in Walmart in the fourth quarter worth $214,000. Victory Capital Management Inc. increased its position in Walmart by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 321,394 shares of the retailer’s stock worth $31,738,000 after buying an additional 3,012 shares during the period. Finally, TCI Wealth Advisors Inc. increased its position in Walmart by 8.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 6,467 shares of the retailer’s stock worth $639,000 after buying an additional 505 shares during the period. Institutional investors own 30.03% of the company’s stock.
Several equities research analysts have weighed in on WMT shares. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Wells Fargo & Co set a $101.00 target price on Walmart and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. Jefferies Group set a $105.00 target price on Walmart and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $113.00 target price on shares of Walmart in a research report on Friday, February 16th. Finally, Vetr raised Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 target price on the stock in a research report on Tuesday, February 20th. Nineteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $102.40.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.04). Walmart had a net margin of 1.97% and a return on equity of 16.85%. The firm had revenue of $135.15 billion for the quarter, compared to the consensus estimate of $133.63 billion. During the same period in the prior year, the business earned $1.30 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts predict that Walmart Inc will post 4.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.36%. Walmart’s dividend payout ratio is currently 65.00%.
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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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