Global Trust Asset Management LLC bought a new position in shares of Walmart Inc (NYSE:WMT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,278 shares of the retailer’s stock, valued at approximately $719,000.
A number of other hedge funds have also bought and sold shares of WMT. Lenox Wealth Advisors Inc. lifted its holdings 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 purchasing an additional 1,063 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Walmart in the fourth quarter valued at about $127,000. Thompson Davis & CO. Inc. lifted its holdings 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 purchasing an additional 1,252 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Walmart in the fourth quarter valued at about $181,000. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Walmart in the second quarter valued at about $149,000. Hedge funds and other institutional investors own 30.00% of the company’s stock.
Shares of NYSE WMT opened at $86.69 on Friday. Walmart Inc has a twelve month low of $71.80 and a twelve month high of $109.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.76. The company has a market cap of $258,378.97, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.17 and a beta of 0.54.
Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $1.33 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 firm had revenue of $135.15 billion during the quarter, compared to analyst estimates of $133.63 billion. During the same period in the previous year, the company posted $1.30 EPS. Walmart’s revenue for the quarter 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s payout ratio is 47.06%.
A number of analysts have recently commented on WMT shares. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Wells Fargo set a $101.00 price target on Walmart and gave the company a “neutral” rating in a report on Wednesday, December 27th. Vetr raised Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 target price on the stock in a research report on Tuesday, February 20th. Goldman Sachs reaffirmed a “buy” rating and issued a $113.00 target price on shares of Walmart in a research report on Friday, February 16th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $105.00 target price (down previously from $110.00) on shares of Walmart in a research report on Tuesday, February 20th. Twenty investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Walmart presently has a consensus rating of “Hold” and a consensus target price 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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