Heritage Wealth Advisors grew its stake in shares of Walmart Inc (NYSE:WMT) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,367 shares of the retailer’s stock after acquiring an additional 1,072 shares during the period. Walmart comprises about 0.9% of Heritage Wealth Advisors’ portfolio, making the stock its 19th largest holding. Heritage Wealth Advisors’ holdings in Walmart were worth $2,116,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Van Cleef Asset Management Inc purchased a new stake in shares of Walmart in the fourth quarter valued at $247,000. Hall Capital Management Co. Inc. lifted its holdings in shares of Walmart by 221.3% in the fourth quarter. Hall Capital Management Co. Inc. now owns 10,281 shares of the retailer’s stock valued at $1,015,000 after purchasing an additional 7,081 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Walmart in the fourth quarter valued at $250,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at $1,074,000. Finally, Hemenway Trust Co LLC lifted its holdings in shares of Walmart by 33.0% in the fourth quarter. Hemenway Trust Co LLC now owns 3,720 shares of the retailer’s stock valued at $367,000 after purchasing an additional 923 shares in the last quarter. Institutional investors own 30.00% of the company’s stock.
A number of research firms have recently issued reports on WMT. Goldman Sachs set a $115.00 target price on Walmart and gave the company a “neutral” rating in a report on Tuesday, January 16th. Barclays increased their target price on Walmart to $120.00 and gave the company an “overweight” rating in a 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 for the company in a report on Wednesday, February 21st. Oppenheimer set a $93.00 price objective on Walmart and gave the stock a “neutral” rating in a report on Friday, March 2nd. Finally, Cowen set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a report on Thursday, February 8th. Twenty research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Walmart has an average rating of “Hold” and an average price target of $102.04.
Shares of NYSE:WMT traded down $1.12 during midday trading on Friday, hitting $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 cap of $260,126.77, a P/E ratio of 19.61, a P/E/G ratio of 3.20 and a beta of 0.54. Walmart Inc has a fifty-two week low of $71.80 and a fifty-two week 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.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 company’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 business posted $1.30 earnings per share. equities analysts predict that Walmart Inc will post 4.92 EPS for the current year.
The firm also recently declared 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 is Thursday, December 6th. Walmart’s dividend payout ratio is currently 47.06%.
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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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