CIBC Asset Management Inc raised its stake in Walmart Inc (NYSE:WMT) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,818 shares of the retailer’s stock after acquiring an additional 1,299 shares during the period. CIBC Asset Management Inc’s holdings in Walmart were worth $18,942,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Voya Investment Management LLC raised its holdings in shares of Walmart by 10.9% during the 2nd quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after buying an additional 294,383 shares in the last quarter. Parkside Investments LLC acquired a new position in shares of Walmart during the 3rd quarter worth $344,000. Numeric Investors LLC grew its position in Walmart by 31.2% during the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after acquiring an additional 280,430 shares during the last quarter. Comerica Bank grew its position in Walmart by 3.5% during the 3rd quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock worth $50,070,000 after acquiring an additional 19,415 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in Walmart during the 2nd quarter worth $25,916,000. 30.00% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on WMT. Goldman Sachs set a $115.00 price objective on Walmart and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Barclays boosted their price objective on Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Wednesday, February 21st. Oppenheimer set a $93.00 price objective on Walmart and gave the stock a “neutral” rating in a research report on Friday, March 2nd. Finally, Cowen set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a research report on Thursday, February 8th. Twenty analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $102.04.
Shares of NYSE:WMT traded down $1.12 during midday trading on Friday, reaching $86.69. The company’s stock had a trading volume of 6,327,271 shares, compared to its average volume of 10,715,462. The company has a market capitalization of $260,126.77, a price-to-earnings ratio of 19.61, a P/E/G 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 fifty-two week low of $71.80 and a fifty-two week high of $109.98.
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 analysts’ consensus estimates of $1.37 by ($0.04). The business had revenue of $135.15 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. analysts anticipate that Walmart Inc will post 4.92 EPS for the current year.
The firm also recently disclosed 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio is 47.06%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/07/cibc-asset-management-inc-has-18-94-million-position-in-walmart-inc-wmt.html.
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.
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.