IBM Retirement Fund reduced its stake in Walmart Inc (NYSE:WMT) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,684 shares of the retailer’s stock after selling 1,728 shares during the period. IBM Retirement Fund’s holdings in Walmart were worth $2,206,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sargent Investment Group LLC bought a new stake in shares of Walmart during the fourth quarter worth about $1,714,000. Nomura Asset Management Co. Ltd. increased its position in shares of Walmart by 6.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 445,340 shares of the retailer’s stock worth $41,483,000 after acquiring an additional 27,729 shares in the last quarter. Weather Gauge Advisory LLC bought a new stake in shares of Walmart during the fourth quarter worth about $339,000. Laurel Wealth Advisors LLC bought a new stake in shares of Walmart during the fourth quarter worth about $3,669,000. Finally, IMS Capital Management increased its position in shares of Walmart by 7.7% during the third quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock worth $1,556,000 after acquiring an additional 1,188 shares in the last quarter. 28.92% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on WMT. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. BMO Capital Markets reissued a “buy” rating and set a $115.00 target price on shares of Walmart in a research report on Thursday, February 21st. Buckingham Research began coverage on shares of Walmart in a research report on Thursday, February 7th. They set a “neutral” rating and a $96.73 target price for the company. Evercore ISI began coverage on shares of Walmart in a research report on Wednesday, March 20th. They set an “in-line” rating and a $95.00 target price for the company. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $108.00 price target on shares of Walmart in a report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $105.82.
WMT opened at $102.43 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market capitalization of $304.18 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 4.64 and a beta of 0.34. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $106.21.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.08. The firm had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. As a group, research analysts anticipate that Walmart Inc will post 4.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, May 9th. Walmart’s payout ratio is 43.18%.
In other Walmart news, major shareholder Alice L. Walton sold 1,855,869 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $99.56, for a total value of $184,770,317.64. Following the transaction, the insider now directly owns 15,557,224 shares in the company, valued at $1,548,877,221.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John R. Furner sold 10,427 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total transaction of $1,061,572.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,240,978 shares of company stock worth $1,406,078,670. Corporate insiders own 51.11% of the company’s stock.
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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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