Strs Ohio reduced its position in shares of Walmart Inc (NYSE:WMT) by 11.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,044,959 shares of the retailer’s stock after selling 135,153 shares during the period. Strs Ohio’s holdings in Walmart were worth $103,189,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in WMT. Thompson Davis & CO. Inc. lifted its holdings in Walmart by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Hudock Capital Group LLC increased its position in Walmart by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in Walmart in the 2nd quarter valued at about $149,000. Cable Hill Partners LLC increased its position in Walmart by 8,165.4% in the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Walmart in the 3rd quarter valued at about $183,000. 30.33% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on WMT shares. Jefferies Group set a $105.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp set a $100.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Monday, November 13th. Barclays set a $100.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research report on Monday, November 20th. Finally, Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Walmart in a research report on Wednesday, November 22nd. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.05.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.04). The firm had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. Walmart had a net margin of 1.97% and a return on equity of 16.85%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. equities analysts forecast that Walmart Inc will post 4.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio is currently 63.75%.
In related news, Director S Robson Walton sold 1,043,722 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $97.61, for a total transaction of $101,877,704.42. Following the completion of the transaction, the director now owns 3,345,065 shares in the company, valued at $326,511,794.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $96.99, for a total transaction of $200,284.35. Following the transaction, the insider now owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,465,557 shares of company stock valued at $628,821,672. Corporate insiders own 51.39% of the company’s stock.
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Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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