IHT Wealth Management LLC increased its position in shares of Walmart Inc (NYSE:WMT) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,386 shares of the retailer’s stock after purchasing an additional 1,263 shares during the period. IHT Wealth Management LLC’s holdings in Walmart were worth $2,066,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of WMT. Vectors Research Management LLC increased its stake in Walmart by 0.7% in the third 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 last quarter. Waratah Capital Advisors Ltd. raised its stake in Walmart by 58.2% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 22,376 shares of the retailer’s stock valued at $2,656,000 after acquiring an additional 8,233 shares during the last quarter. UMA Financial Services Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at approximately $369,000. State Street Corp increased its holdings in shares of Walmart by 1.4% in the third quarter. State Street Corp now owns 70,612,397 shares of the retailer’s stock valued at $8,380,279,000 after purchasing an additional 985,538 shares during the period. Finally, MV Capital Management Inc. raised its stake in shares of Walmart by 6.2% during the third quarter. MV Capital Management Inc. now owns 4,908 shares of the retailer’s stock worth $582,000 after purchasing an additional 285 shares during the last quarter. 30.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WMT opened at $109.40 on Thursday. The company has a 50-day simple moving average of $115.44 and a 200-day simple moving average of $117.44. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $325.80 billion, a PE ratio of 21.08, a P/E/G ratio of 4.56 and a beta of 0.42. Walmart Inc has a 52-week low of $96.53 and a 52-week high of $128.08.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 18th. The retailer reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). The firm had revenue of $141.70 billion for the quarter, compared to analysts’ expectations of $141.67 billion. Walmart had a return on equity of 18.16% and a net margin of 2.84%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. On average, research analysts anticipate that Walmart Inc will post 5.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, December 10th. Walmart’s payout ratio is 43.81%.
A number of brokerages recently commented on WMT. JPMorgan Chase & Co. restated a “neutral” rating and issued a $130.00 price objective on shares of Walmart in a research report on Tuesday, February 18th. Wolfe Research cut Walmart to a “hold” rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their target price on Walmart from $115.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Deutsche Bank reduced their price target on Walmart from $132.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Robert W. Baird restated a “buy” rating and issued a $130.00 price target on shares of Walmart in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $126.07.
In other Walmart news, EVP John R. Furner sold 50,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $116.50, for a total transaction of $5,825,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $117.41, for a total transaction of $9,979,850.00. Following the transaction, the executive vice president now directly owns 2,466,418 shares in the company, valued at approximately $289,582,137.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,205 shares of company stock worth $37,403,190. 51.11% of the stock is owned by corporate insiders.
Walmart Company Profile
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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