GW Henssler & Associates Ltd. cut its stake in Walmart Inc. (NYSE:WMT) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,925 shares of the retailer’s stock after selling 3,303 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Walmart were worth $18,734,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Black Swift Group LLC purchased a new position in Walmart in the 4th quarter valued at about $26,000. Greenhouse Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth approximately $26,000. Albion Financial Group UT purchased a new position in Walmart in the 4th quarter worth approximately $27,000. ShoreHaven Wealth Partners LLC purchased a new position in Walmart in the 4th quarter worth approximately $29,000. Finally, Perennial Advisors LLC purchased a new position in Walmart in the 4th quarter worth approximately $32,000. 29.34% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Randall L. Stephenson bought 7,725 shares of the stock in a transaction on Monday, March 8th. The shares were bought at an average cost of $129.63 per share, for a total transaction of $1,001,391.75. Following the completion of the transaction, the director now owns 8,308 shares of the company’s stock, valued at approximately $1,076,966.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $141.01, for a total transaction of $1,368,925.08. The disclosure for this sale can be found here. Insiders have sold 2,009,708 shares of company stock worth $264,285,412 over the last 90 days. 50.43% of the stock is currently owned by company insiders.
WMT has been the subject of a number of recent analyst reports. Credit Suisse Group set a $150.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Friday, February 19th. MKM Partners cut their price target on shares of Walmart from $154.00 to $141.00 in a report on Tuesday, March 16th. Raymond James cut their price target on shares of Walmart from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, February 25th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Walmart from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, February 19th. Finally, Royal Bank of Canada set a $162.00 target price on shares of Walmart and gave the company a “buy” rating in a report on Friday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $154.63.
Shares of Walmart stock traded down $1.27 on Tuesday, reaching $140.85. 140,524 shares of the stock were exchanged, compared to its average volume of 8,964,563. Walmart Inc. has a 1-year low of $117.01 and a 1-year high of $153.66. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average price of $137.10 and a two-hundred day moving average price of $142.03. The firm has a market capitalization of $396.42 billion, a PE ratio of 22.67, a PEG ratio of 4.86 and a beta of 0.27.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 18th. The retailer reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.12). Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm had revenue of $152.08 billion for the quarter, compared to analyst estimates of $148.52 billion. During the same quarter last year, the firm earned $1.38 earnings per share. Research analysts expect that Walmart Inc. will post 5.35 EPS for the current year.
Walmart announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 18th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.56%. Walmart’s payout ratio is currently 44.62%.
Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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