Pittenger & Anderson Inc. grew its position in shares of Walmart Inc (NYSE:WMT) by 9.1% during the 4th quarter, Holdings Channel reports. The firm owned 25,445 shares of the retailer’s stock after purchasing an additional 2,120 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Walmart were worth $2,513,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Parkside Investments LLC purchased a new position in shares of Walmart during the 3rd quarter worth about $344,000. Comerica Bank lifted its holdings in shares of Walmart by 3.5% during the 3rd quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock worth $50,070,000 after acquiring an additional 19,415 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Walmart by 1.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 926,494 shares of the retailer’s stock worth $75,204,000 after acquiring an additional 16,334 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Walmart by 24.8% during the 3rd quarter. Alps Advisors Inc. now owns 21,241 shares of the retailer’s stock worth $1,660,000 after acquiring an additional 4,217 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Walmart by 13.1% during the 4th quarter. Toronto Dominion Bank now owns 644,558 shares of the retailer’s stock worth $63,649,000 after acquiring an additional 74,769 shares during the period. 30.00% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on WMT. Goldman Sachs set a $99.00 price objective on shares of Walmart and gave the stock a “buy” rating in a report on Monday. Wells Fargo set a $101.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $99.00 price objective (down from $104.00) on shares of Walmart in a report on Wednesday, February 21st. JPMorgan Chase reiterated a “neutral” rating and set a $98.00 price objective (down from $103.00) on shares of Walmart in a report on Wednesday, February 21st. Finally, Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $101.77.
WMT opened at $86.84 on Tuesday. The company has a market cap of $254,824.09, a PE ratio of 19.65, a PEG ratio of 3.13 and a beta of 0.54. Walmart Inc has a 52-week low of $73.13 and a 52-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 posted its quarterly earnings data 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). The firm had revenue of $135.15 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 EPS. equities research analysts predict that Walmart Inc will post 4.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, December 6th. This represents a $2.08 dividend on an annualized basis 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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