Boys Arnold & Co. Inc. lowered its stake in Walmart Inc (NYSE:WMT) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,088 shares of the retailer’s stock after selling 1,091 shares during the period. Boys Arnold & Co. Inc.’s holdings in Walmart were worth $3,564,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. grew its position in shares of Walmart by 13,287.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after buying an additional 1,063 shares during the last quarter. Cerebellum GP LLC bought a new position in Walmart in the 4th quarter worth about $127,000. Thompson Davis & CO. Inc. grew its position in Walmart by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after purchasing an additional 1,252 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Walmart in the 4th quarter worth about $181,000. Finally, Almanack Investment Partners LLC. bought a new position in Walmart in the 2nd quarter worth about $149,000. 30.03% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on WMT. Credit Suisse Group set a $102.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday. ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Oppenheimer set a $93.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research report on Friday, March 2nd. Finally, UBS Group cut shares of Walmart from an “outperform” rating to a “market perform” rating in a research report on Friday, March 2nd. Nineteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.40.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). Walmart had a net margin of 1.97% and a return on equity of 16.85%. The business had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts predict that Walmart Inc will post 4.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio is presently 65.00%.
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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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