Gabelli Funds LLC Reduces Position in Walmart Inc (NYSE:WMT)

Gabelli Funds LLC cut its holdings in shares of Walmart Inc (NYSE:WMT) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,000 shares of the retailer’s stock after selling 31,000 shares during the quarter. Gabelli Funds LLC’s holdings in Walmart were worth $6,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hosking Partners LLP acquired a new position in Walmart during the 2nd quarter worth about $17,034,000. Bradley Foster & Sargent Inc. CT lifted its stake in Walmart by 2.8% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 7,695 shares of the retailer’s stock worth $582,000 after acquiring an additional 209 shares in the last quarter. Comgest Global Investors S.A.S. acquired a new position in Walmart during the 2nd quarter worth about $5,071,000. Flagship Harbor Advisors LLC lifted its stake in Walmart by 6.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 5,198 shares of the retailer’s stock worth $384,000 after acquiring an additional 335 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in Walmart by 2.0% during the 2nd quarter. Seizert Capital Partners LLC now owns 324,204 shares of the retailer’s stock worth $24,536,000 after acquiring an additional 6,375 shares in the last quarter. Institutional investors and hedge funds own 30.00% of the company’s stock.

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Several equities analysts recently issued reports on the company. Loop Capital assumed coverage on Walmart in a research note on Thursday. They set a “hold” rating and a $92.00 target price on the stock. Morgan Stanley set a $99.00 target price on Walmart and gave the stock a “hold” rating in a research note on Monday, April 2nd. Credit Suisse Group set a $102.00 price target on Walmart and gave the company a “neutral” rating in a research report on Thursday, March 8th. ValuEngine lowered Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. 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 currently has an average rating of “Hold” and a consensus price target of $102.04.

NYSE:WMT traded down $1.12 during mid-day trading on Friday, reaching $86.69. 6,327,271 shares of the stock were exchanged, compared to its average volume of 10,715,462. The company has a market capitalization of $260,126.77, a PE ratio of 19.61, a P/E/G ratio of 3.20 and a beta of 0.54. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. Walmart Inc has a 1 year low of $71.80 and a 1 year high of $109.98.

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 analysts’ consensus estimates of $1.37 by ($0.04). The firm had revenue of $135.15 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $1.30 EPS. sell-side analysts anticipate that Walmart Inc will post 4.92 EPS for the current fiscal year.

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

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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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