Prospera Financial Services Inc reduced its holdings in Walmart Inc (NYSE:WMT) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 29,586 shares of the retailer’s stock after selling 1,013 shares during the quarter. Prospera Financial Services Inc’s holdings in Walmart were worth $2,926,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in WMT. Vanguard Group Inc. increased its stake in Walmart by 0.4% during the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares during the last quarter. FMR LLC increased its stake in Walmart by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Walmart by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after acquiring an additional 224,821 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Walmart by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after acquiring an additional 45,217 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Walmart by 2.0% during the third quarter. Legal & General Group Plc now owns 8,675,274 shares of the retailer’s stock worth $677,941,000 after acquiring an additional 166,538 shares during the last quarter. Hedge funds and other institutional investors own 30.33% of the company’s stock.
Walmart Inc (NYSE WMT) opened at $91.52 on Wednesday. The company has a market capitalization of $271,120.00, a PE ratio of 28.60, a P/E/G ratio of 3.28 and a beta of 0.42. Walmart Inc has a 1-year low of $69.33 and a 1-year high of $109.98. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors 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 is Thursday, December 6th. Walmart’s dividend payout ratio is currently 63.75%.
In other Walmart news, major shareholder Jim C. Walton sold 1,488,039 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $97.54, for a total transaction of $145,143,324.06. Following the transaction, the insider now owns 10,507,224 shares of the company’s stock, valued at approximately $1,024,874,628.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Jim C. Walton sold 1,319,133 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total value of $128,760,572.13. Following the transaction, 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. Insiders sold 3,354,741 shares of company stock valued at $327,067,164 in the last three months. 51.39% of the stock is currently owned by company insiders.
WMT has been the subject of several research analyst reports. BMO Capital Markets set a $96.00 price target on Walmart and gave the stock a “hold” rating in a research note on Friday, February 23rd. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. CIBC dropped their price target on Walmart from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Stephens set a $117.00 price target on Walmart and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Jefferies Group restated a “buy” rating and set a $119.00 price target on shares of Walmart in a research note on Friday, February 16th. Sixteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $102.65.
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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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