Synovus Financial Corp lessened its stake in shares of Walmart Inc (NYSE:WMT) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,607 shares of the retailer’s stock after selling 7,981 shares during the period. Synovus Financial Corp’s holdings in Walmart were worth $11,731,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Vectors Research Management LLC increased its holdings in Walmart by 0.7% during the 3rd quarter. Vectors Research Management LLC now owns 32,848 shares of the retailer’s stock valued at $3,898,000 after purchasing an additional 221 shares during the period. Nwam LLC increased its holdings in Walmart by 13.4% during the 3rd quarter. Nwam LLC now owns 4,152 shares of the retailer’s stock valued at $493,000 after purchasing an additional 491 shares during the period. First Command Financial Services Inc. increased its holdings in Walmart by 33.8% during the 3rd quarter. First Command Financial Services Inc. now owns 10,027 shares of the retailer’s stock valued at $1,190,000 after purchasing an additional 2,533 shares during the period. Duff & Phelps Investment Management Co. increased its holdings in Walmart by 3.0% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 15,665 shares of the retailer’s stock valued at $1,859,000 after purchasing an additional 450 shares during the period. Finally, DNB Asset Management AS increased its holdings in Walmart by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 42,000 shares of the retailer’s stock valued at $4,985,000 after purchasing an additional 600 shares during the period. 30.40% of the stock is owned by hedge funds and other institutional investors.
Shares of WMT stock traded up $0.45 during midday trading on Friday, reaching $117.89. 8,095,416 shares of the stock were exchanged, compared to its average volume of 5,805,252. Walmart Inc has a 1 year low of $96.53 and a 1 year high of $125.38. The company’s 50 day moving average is $116.50 and its two-hundred day moving average is $116.58. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The firm has a market cap of $326.98 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 4.47 and a beta of 0.36.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The firm had revenue of $126.98 billion for the quarter, compared to the consensus estimate of $128.08 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc will post 4.98 EPS for the current fiscal year.
A number of brokerages recently issued reports on WMT. Odeon Capital Group began coverage on Walmart in a report on Thursday, January 23rd. They set a “hold” rating and a $105.00 price target on the stock. JPMorgan Chase & Co. set a $130.00 price target on Walmart and gave the company a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley boosted their price target on Walmart from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, December 31st. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Friday, January 3rd. Finally, UBS Group boosted their price target on Walmart from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $123.51.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $120.57, for a total transaction of $10,248,450.00. Following the transaction, the executive vice president now owns 2,808,295 shares in the company, valued at approximately $338,596,128.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 255,000 shares of company stock worth $29,993,100 in the last quarter. Company insiders own 50.22% of the company’s stock.
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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