Suntrust Banks Inc. Lowers Stake in Walmart Inc (WMT)

Suntrust Banks Inc. lowered its stake in shares of Walmart Inc (NYSE:WMT) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 374,726 shares of the retailer’s stock after selling 65,892 shares during the quarter. Suntrust Banks Inc.’s holdings in Walmart were worth $37,002,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WMT. Lenox Wealth Advisors Inc. grew its holdings in shares of Walmart by 13,287.5% during the 4th 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 during the last quarter. Cerebellum GP LLC bought a new position in shares of Walmart during the 4th quarter valued at $127,000. Gradient Investments LLC bought a new position in shares of Walmart during the 4th quarter valued at $155,000. Cable Hill Partners LLC grew its holdings in shares of Walmart by 8,165.4% during the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC grew its holdings in shares of Walmart by 49.0% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 1,719 shares of the retailer’s stock valued at $170,000 after purchasing an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 30.00% of the company’s stock.

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Several equities analysts recently commented on WMT shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $100.00 target price (up previously from $92.00) on shares of Walmart in a report on Tuesday, December 12th. Citigroup raised shares of Walmart from a “neutral” rating to a “buy” rating and increased their target price for the company from $106.00 to $117.00 in a report on Tuesday, December 19th. Wolfe Research raised shares of Walmart from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Wells Fargo set a $101.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Thursday, December 21st. Finally, ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Twenty 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 presently has a consensus rating of “Hold” and an average price target of $102.04.

Shares of NYSE WMT opened at $86.69 on Friday. Walmart Inc has a 1 year low of $71.80 and a 1 year high of $109.98. The stock has a market cap of $260,126.77, a P/E ratio of 19.61, a price-to-earnings-growth 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 (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 analysts’ consensus estimates 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 last year, the business earned $1.30 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. research analysts forecast that Walmart Inc will post 4.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend 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 (DPR) is currently 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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