Comerica Bank cut its holdings in Walmart Inc (NYSE:WMT) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 563,096 shares of the retailer’s stock after selling 12,743 shares during the period. Comerica Bank’s holdings in Walmart were worth $59,570,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Voya Investment Management LLC raised its stake in shares of Walmart by 10.9% during the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock valued at $225,760,000 after acquiring an additional 294,383 shares during the last quarter. Parkside Investments LLC bought a new position in shares of Walmart during the third quarter valued at about $344,000. Numeric Investors LLC raised its stake in shares of Walmart by 31.2% during the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after acquiring an additional 280,430 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Walmart during the second quarter valued at about $25,916,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Walmart by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 926,494 shares of the retailer’s stock valued at $75,204,000 after acquiring an additional 16,334 shares during the last quarter. 30.03% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Wells Fargo & Co set a $101.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research note on Wednesday, December 27th. Jefferies Group set a $105.00 price target on shares of Walmart and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reissued a “buy” rating and issued a $113.00 price target on shares of Walmart in a research note on Friday, February 16th. Finally, Vetr raised shares of Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 price target for the company in a research note on Tuesday, February 20th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $102.40.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the Thomson Reuters’ 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 firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. analysts anticipate that Walmart Inc will post 4.92 earnings per share for the current fiscal 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 given 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 dividend yield of 2.36%. Walmart’s payout ratio is 65.00%.
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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