Telemus Capital LLC increased its holdings in Walmart Inc (NYSE:WMT) by 407.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,911 shares of the retailer’s stock after acquiring an additional 15,184 shares during the quarter. Telemus Capital LLC’s holdings in Walmart were worth $1,867,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. grew its position 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 buying an additional 1,063 shares during the last quarter. Thompson Davis & CO. Inc. grew its position 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 buying an additional 1,252 shares during the last quarter. Cerebellum GP LLC purchased a new position in Walmart in the 4th quarter valued at $127,000. Almanack Investment Partners LLC. purchased a new position in Walmart in the 2nd quarter valued at $149,000. Finally, Cable Hill Partners LLC grew its position 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 buying an additional 2,123 shares during the last quarter. 30.03% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on WMT shares. BMO Capital Markets set a $96.00 price objective on shares of Walmart and gave the company a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. CIBC lowered their price objective on shares of Walmart from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Stephens set a $117.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Jefferies Group restated a “buy” rating and set a $119.00 target price on shares of Walmart in a research report on Friday, February 16th. Nineteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Walmart presently has an average 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 earnings per share (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 analyst estimates of $133.63 billion. Walmart had a return on equity of 16.85% and a net margin of 1.97%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. research analysts forecast that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors 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 of this dividend is Thursday, December 6th. Walmart’s payout ratio is 65.00%.
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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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