Estabrook Capital Management reduced its position in shares of Walmart Inc (NYSE:WMT) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 42,368 shares of the retailer’s stock after selling 1,742 shares during the quarter. Estabrook Capital Management’s holdings in Walmart were worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Walmart by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after acquiring an additional 224,821 shares in the last quarter. Ameriprise Financial Inc. raised its position in Walmart by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after acquiring an additional 45,217 shares in the last quarter. Fisher Asset Management LLC raised its position in Walmart by 43.5% during the fourth quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock worth $859,814,000 after acquiring an additional 2,637,516 shares in the last quarter. Legal & General Group Plc raised its position in Walmart by 2.0% during the third quarter. Legal & General Group Plc now owns 8,675,274 shares of the retailer’s stock worth $677,941,000 after acquiring an additional 166,538 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in Walmart by 1.3% during the third quarter. Pzena Investment Management LLC now owns 5,201,567 shares of the retailer’s stock worth $406,450,000 after acquiring an additional 67,231 shares in the last quarter. 30.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on WMT. Barclays upped their price target on shares of Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.28 price objective on the stock in a research report on Thursday, February 1st. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase reissued a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Twenty 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 a consensus rating of “Hold” and an average price target of $102.04.
WMT stock opened at $86.69 on Monday. 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 Inc has a 52 week low of $71.80 and a 52 week high of $109.98. The stock has a market capitalization of $256,808.91, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.16 and a beta of 0.54.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 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 was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. analysts predict that Walmart Inc will post 4.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid 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 payout ratio is 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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