Cadence Bank NA trimmed its holdings in shares of Walmart Inc (NYSE:WMT) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,584 shares of the retailer’s stock after selling 521 shares during the period. Walmart accounts for approximately 2.4% of Cadence Bank NA’s holdings, making the stock its 4th largest holding. Cadence Bank NA’s holdings in Walmart were worth $6,674,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. increased its position in shares of Walmart by 13,287.5% in the fourth 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 position in shares of Walmart by 456.9% in the second 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 acquired a new stake in shares of Walmart in the fourth quarter valued at about $127,000. Almanack Investment Partners LLC. acquired a new stake in shares of Walmart in the second quarter valued at about $149,000. Finally, Cable Hill Partners LLC increased its position in shares of Walmart by 8,165.4% in the third 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 30.00% of the company’s stock.
Shares of WMT stock traded down $1.12 on Friday, reaching $86.69. 6,327,271 shares of the company were exchanged, compared to its average volume of 10,715,462. The stock has a market capitalization of $260,126.77, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20. Walmart Inc has a one year low of $71.80 and a one year high of $109.98.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.04). Walmart had a net margin of 1.97% and a return on equity of 16.85%. The business had revenue of $135.15 billion during the quarter, compared to the consensus estimate of $133.63 billion. During the same period in the previous year, the business posted $1.30 EPS. Walmart’s revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.40%. Walmart’s payout ratio is 47.06%.
WMT has been the topic of a number of recent analyst reports. Barclays boosted their price target on Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.28 price objective for the company in a report on Thursday, February 1st. ValuEngine upgraded Walmart from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase reiterated a “neutral” rating on shares of Walmart in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research cut Walmart from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Twenty 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $102.04.
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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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