Gotham Asset Management LLC cut its stake in Walmart Inc (NYSE:WMT) by 38.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 556,194 shares of the retailer’s stock after selling 348,776 shares during the quarter. Walmart makes up 0.8% of Gotham Asset Management LLC’s portfolio, making the stock its 10th biggest holding. Gotham Asset Management LLC’s holdings in Walmart were worth $51,809,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Walmart by 4.3% during the third quarter. Advisors Asset Management Inc. now owns 30,871 shares of the retailer’s stock worth $2,899,000 after acquiring an additional 1,273 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Walmart by 2.1% during the third quarter. Macquarie Group Ltd. now owns 71,630 shares of the retailer’s stock worth $6,726,000 after acquiring an additional 1,450 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Walmart during the third quarter worth about $10,511,000. Teachers Advisors LLC grew its stake in shares of Walmart by 5.0% during the third quarter. Teachers Advisors LLC now owns 4,088,358 shares of the retailer’s stock worth $383,938,000 after acquiring an additional 193,481 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Walmart by 7.1% during the third quarter. TIAA CREF Investment Management LLC now owns 7,268,467 shares of the retailer’s stock worth $682,582,000 after acquiring an additional 480,983 shares during the last quarter. 28.94% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on WMT shares. Citigroup boosted their price target on Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Morgan Stanley upgraded Walmart from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $107.00 to $110.00 in a research note on Wednesday, January 23rd. KeyCorp boosted their price target on Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 20th. Tigress Financial restated a “hold” rating on shares of Walmart in a research note on Tuesday, January 29th. Finally, Barclays reaffirmed a “buy” rating and set a $113.00 target price on shares of Walmart in a report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $105.82.
In other Walmart news, EVP Jacqueline P. Canney sold 980 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $99.03, for a total value of $97,049.40. Following the completion of the transaction, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at $5,405,849.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Chojnowski sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. Insiders sold 14,240,978 shares of company stock valued at $1,406,078,670 over the last three months. 51.11% of the stock is currently owned by corporate insiders.
Shares of NYSE:WMT opened at $103.18 on Friday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $106.21. The company has a market capitalization of $305.66 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 4.71 and a beta of 0.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The company had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. During the same period in the previous year, the company posted $1.33 earnings per share. Walmart’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc will post 4.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, May 9th. Walmart’s payout ratio is presently 43.18%.
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Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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