Crossvault Capital Management LLC raised its position in Walmart Inc (NYSE:WMT) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,740 shares of the retailer’s stock after buying an additional 1,175 shares during the quarter. Crossvault Capital Management LLC’s holdings in Walmart were worth $1,949,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Thompson Davis & CO. Inc. raised its position in shares of 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 buying an additional 1,252 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $127,000. Hudock Capital Group LLC raised its position in shares of Walmart by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Walmart during the 2nd quarter valued at $149,000. Finally, Cable Hill Partners LLC raised its position in shares of Walmart by 8,165.4% during the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after buying an additional 2,123 shares in the last quarter. 30.33% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on WMT shares. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Wells Fargo & Co set a $101.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research report on Wednesday, December 27th. 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. Goldman Sachs Group restated a “buy” rating and set a $113.00 price objective on shares of Walmart in a research report on Friday, February 16th. Finally, Vetr upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 price objective on the stock in a research report on Tuesday, February 20th. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.65.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The firm had revenue of $135.15 billion during the quarter, compared to the consensus estimate of $133.63 billion. Walmart had a return on equity of 16.85% and a net margin of 1.97%. Walmart’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. equities analysts expect that Walmart Inc will post 4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is presently 63.75%.
In other Walmart news, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 1,319,133 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the completion of the sale, the insider now directly owns 11,057,224 shares in the company, valued at approximately $1,079,295,634.64. The disclosure for this sale can be found here. In the last three months, insiders sold 3,354,741 shares of company stock worth $327,067,164. Insiders own 51.39% of the company’s stock.
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Walmart Company Profile
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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