Checchi Capital Advisers LLC Lowers Holdings in Walmart Inc (NYSE:WMT)

Checchi Capital Advisers LLC decreased its position in shares of Walmart Inc (NYSE:WMT) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,458 shares of the retailer’s stock after selling 1,053 shares during the period. Checchi Capital Advisers LLC’s holdings in Walmart were worth $2,415,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Walmart by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after purchasing an additional 440,343 shares during the period. FMR LLC raised its holdings in Walmart by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after purchasing an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP raised its holdings in Walmart by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after purchasing an additional 224,821 shares during the period. Ameriprise Financial Inc. raised its holdings in Walmart by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after purchasing an additional 45,217 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Walmart by 43.5% during the fourth quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock valued at $859,814,000 after acquiring an additional 2,637,516 shares during the period. Hedge funds and other institutional investors own 30.00% of the company’s stock.

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Shares of WMT traded down $1.12 during mid-day trading on Friday, hitting $86.69. 6,327,271 shares of the company were exchanged, compared to its average volume of 11,837,708. Walmart Inc has a 1-year low of $71.80 and a 1-year high of $109.98. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. The company has a market cap of $258,378.97, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.17 and a beta of 0.54.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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). Walmart had a net margin of 1.97% and a return on equity of 16.85%. The business had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. During the same period in the prior year, the company posted $1.30 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. sell-side analysts expect that Walmart Inc will post 4.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a $0.52 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a dividend yield of 2.40%. Walmart’s dividend payout ratio (DPR) is 47.06%.

A number of equities research analysts have commented on the company. Barclays raised their price target on Walmart to $120.00 and gave the company an “overweight” rating in a 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 research report on Thursday, February 1st. ValuEngine upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase reiterated a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report 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 company. Walmart has a consensus rating of “Hold” and an average target price of $102.04.

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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.

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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