Empirical Finance LLC trimmed its position in shares of Walmart Inc (NYSE:WMT) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,173 shares of the retailer’s stock after selling 2,306 shares during the period. Empirical Finance LLC’s holdings in Walmart were worth $1,498,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. increased its holdings in Walmart by 13,287.5% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after acquiring an additional 1,063 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in Walmart by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the last quarter. Cerebellum GP LLC bought a new stake in Walmart in the 4th quarter valued at $127,000. Almanack Investment Partners LLC. bought a new stake in Walmart in the 2nd quarter valued at $149,000. Finally, Cable Hill Partners LLC increased its holdings in Walmart by 8,165.4% in the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after acquiring an additional 2,123 shares during the last quarter. Hedge funds and other institutional investors own 30.03% of the company’s stock.
WMT has been the subject of a number of recent research reports. Barclays set a $100.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research note on Monday, November 13th. KeyCorp set a $100.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research note on Monday, November 13th. Jefferies Group set a $105.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Oppenheimer lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Finally, CIBC dropped their price objective on shares of Walmart from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $102.40.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). Walmart had a return on equity of 16.85% and a net margin of 1.97%. The firm had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. Walmart’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts predict that Walmart Inc will post 4.92 earnings per share for the current year.
The business 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 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 (DPR) is 65.00%.
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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