Sumitomo Life Insurance Co. trimmed its position in Walmart Inc (NYSE:WMT) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 55,900 shares of the retailer’s stock after selling 2,716 shares during the period. Sumitomo Life Insurance Co.’s holdings in Walmart were worth $5,520,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Walmart by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after purchasing an additional 440,343 shares during the period. FMR LLC raised its stake in Walmart by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after buying an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP raised its stake in Walmart by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after buying an additional 224,821 shares during the period. Ameriprise Financial Inc. raised its stake in Walmart by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after buying an additional 45,217 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Walmart by 43.5% during the 4th quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock worth $859,814,000 after buying an additional 2,637,516 shares during the period. Hedge funds and other institutional investors own 30.03% of the company’s stock.
Walmart Inc (WMT) opened at $88.72 on Monday. Walmart Inc has a 1-year low of $69.33 and a 1-year high of $109.98. The company has a current ratio of 0.76, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $262,820.00, a PE ratio of 27.73, a P/E/G ratio of 3.14 and a beta of 0.57.
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 dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s payout ratio is currently 65.00%.
Several analysts recently commented on WMT shares. Citigroup raised Walmart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. Goldman Sachs Group raised Walmart from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Barclays lifted their price target on Walmart to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Wells Fargo & Co set a $101.00 price target on Walmart and gave the company a “neutral” rating in a research note on Wednesday, December 27th. Finally, Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Wednesday, February 21st. Nineteen research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Walmart presently has a consensus rating of “Buy” and a consensus target price of $102.40.
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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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