State Treasurer State of Michigan reduced its position in shares of Walmart Inc (NYSE:WMT) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,034 shares of the retailer’s stock after selling 15,100 shares during the period. State Treasurer State of Michigan’s holdings in Walmart were worth $42,367,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. grew its position in Walmart by 13,287.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock worth $106,000 after acquiring an additional 1,063 shares in the last quarter. Thompson Davis & CO. Inc. grew its position in Walmart by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares in the last quarter. Cerebellum GP LLC purchased a new position in Walmart in the fourth quarter worth $127,000. Almanack Investment Partners LLC. purchased a new position in Walmart in the second quarter worth $149,000. Finally, Cable Hill Partners LLC grew its position in Walmart by 8,165.4% in the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after acquiring an additional 2,123 shares in the last quarter. Hedge funds and other institutional investors own 30.03% of the company’s stock.
Several research analysts recently issued reports on the stock. Telsey Advisory Group cut their target price on shares of Walmart from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Royal Bank of Canada upped their price target on shares of Walmart from $83.00 to $92.00 and gave the company an “underperform” rating in a research report on Friday, November 17th. Moffett Nathanson began coverage on shares of Walmart in a research report on Monday, December 4th. They set a “neutral” rating for the company. Wells Fargo & Co set a $101.00 price target on shares of Walmart and gave the company a “neutral” rating in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $99.00 price target (down from $104.00) on shares of Walmart in a research report on Wednesday, February 21st. 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. Walmart currently has a consensus rating of “Buy” and a consensus target price of $102.40.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). The firm had revenue of $135.15 billion for the quarter, compared to the consensus estimate of $133.63 billion. Walmart had a net margin of 1.97% and a return on equity of 16.85%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. sell-side analysts predict that Walmart Inc will post 4.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is 65.00%.
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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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