Ballentine Partners LLC lessened its position in shares of Walmart Inc (NYSE:WMT) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,887 shares of the retailer’s stock after selling 1,770 shares during the quarter. Ballentine Partners LLC’s holdings in Walmart were worth $1,370,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Lenox Wealth Advisors Inc. lifted its holdings in shares of Walmart by 13,287.5% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after buying an additional 1,063 shares during the period. Thompson Davis & CO. Inc. raised its holdings in Walmart by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares during the period. Cerebellum GP LLC acquired a new position in Walmart in the 4th quarter worth about $127,000. Almanack Investment Partners LLC. acquired a new position in Walmart in the 2nd quarter worth about $149,000. Finally, Cable Hill Partners LLC raised its holdings in Walmart by 8,165.4% in the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after purchasing an additional 2,123 shares during the period. Institutional investors and hedge funds own 30.00% of the company’s stock.
A number of equities analysts recently weighed in on WMT shares. Zacks Investment Research cut 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 stock 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 price target for the company in a report on Tuesday, February 20th. Goldman Sachs reaffirmed a “buy” rating and issued a $113.00 price target on shares of Walmart in a report on Friday, February 16th. Finally, Robert W. Baird reissued an “outperform” rating and set a $105.00 target price (down previously from $110.00) on shares of Walmart in a report on Tuesday, February 20th. Twenty investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Walmart has an average rating of “Hold” and an average price target of $102.04.
Walmart stock traded down $1.12 during mid-day trading on Friday, hitting $86.69. The company’s stock had a trading volume of 6,349,953 shares, compared to its average volume of 10,715,462. The firm has a market capitalization of $256,808.91, a price-to-earnings ratio of 19.61, a PEG ratio of 3.16 and a beta of 0.54. Walmart Inc has a 1 year low of $71.80 and a 1 year 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 data on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). The business had revenue of $135.15 billion during 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 revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. analysts forecast that Walmart Inc will post 4.92 EPS for the current year.
The company 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 dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 annualized dividend and a dividend yield of 2.40%. 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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