Picton Mahoney Asset Management bought a new stake in Walmart Inc (NYSE:WMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,500 shares of the retailer’s stock, valued at approximately $5,382,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Comerica Securities Inc. grew its holdings in Walmart by 0.3% in the 2nd quarter. Comerica Securities Inc. now owns 18,079 shares of the retailer’s stock valued at $1,368,000 after buying an additional 50 shares during the last quarter. Trustco Bank Corp N Y grew its holdings in shares of Walmart by 0.5% during the 2nd quarter. Trustco Bank Corp N Y now owns 11,258 shares of the retailer’s stock worth $852,000 after purchasing an additional 55 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its holdings in shares of Walmart by 0.5% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 11,983 shares of the retailer’s stock worth $907,000 after purchasing an additional 55 shares in the last quarter. WMS Partners LLC grew its holdings in shares of Walmart by 0.7% during the 2nd quarter. WMS Partners LLC now owns 10,019 shares of the retailer’s stock worth $758,000 after purchasing an additional 65 shares in the last quarter. Finally, Keating Investment Counselors Inc. grew its holdings in shares of Walmart by 1.3% during the 2nd quarter. Keating Investment Counselors Inc. now owns 5,493 shares of the retailer’s stock worth $416,000 after purchasing an additional 69 shares in the last quarter. 30.03% of the stock is currently owned by hedge funds and other institutional investors.
Walmart Inc (NYSE:WMT) opened at $88.07 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20. Walmart Inc has a 52-week low of $69.33 and a 52-week high of $109.98. The stock has a market capitalization of $260,900.00, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.36%. Walmart’s payout ratio is 65.00%.
Several analysts have recently weighed in on WMT shares. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Wells Fargo & Co set a $101.00 price objective on Walmart and gave the stock a “neutral” rating in a report on Wednesday, December 27th. Jefferies Group set a $105.00 price objective on Walmart and gave the stock a “buy” rating in a report on Tuesday, November 14th. Goldman Sachs Group reissued a “buy” rating and set a $113.00 price objective on shares of Walmart in a report on Friday, February 16th. Finally, Vetr raised Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 price objective on the stock in a report on Tuesday, February 20th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $102.40.
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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