Family Legacy Inc. raised its holdings in shares of Walmart Inc (NYSE:WMT) by 72.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,488 shares of the retailer’s stock after acquiring an additional 6,488 shares during the quarter. Walmart comprises approximately 1.4% of Family Legacy Inc.’s portfolio, making the stock its 26th biggest holding. Family Legacy Inc.’s holdings in Walmart were worth $1,529,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of WMT. Lenox Wealth Advisors Inc. raised its holdings in Walmart by 13,287.5% during 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 period. Thompson Davis & CO. Inc. raised its holdings in Walmart by 456.9% during 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 period. Cerebellum GP LLC purchased a new position in shares of Walmart during the 4th quarter valued at $127,000. Almanack Investment Partners LLC. purchased a new position in shares of Walmart during the 2nd quarter valued at $149,000. Finally, Cable Hill Partners LLC grew its position in shares of Walmart by 8,165.4% during the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after purchasing an additional 2,123 shares in the last quarter. 30.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walmart Inc (NYSE WMT) opened at $88.30 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20. The firm has a market cap of $261,580.00, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57. Walmart Inc has a one year low of $69.33 and a one year high of $109.98.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio is presently 65.00%.
A number of research analysts have recently commented on the stock. Credit Suisse Group set a $102.00 price target on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday, March 8th. ValuEngine lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Oppenheimer set a $93.00 price target on shares of Walmart and gave the company a “neutral” rating in a research report on Friday, March 2nd. Finally, UBS Group lowered shares of Walmart from an “outperform” rating to a “market perform” rating in a research report on Friday, March 2nd. Nineteen research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $102.40.
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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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