WealthTrust Axiom LLC lessened its position in shares of Walmart Inc (NYSE:WMT) by 36.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,820 shares of the retailer’s stock after selling 1,595 shares during the period. WealthTrust Axiom LLC’s holdings in Walmart were worth $278,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Family Legacy Inc. raised its stake in Walmart by 72.1% in the 4th quarter. Family Legacy Inc. now owns 15,488 shares of the retailer’s stock valued at $1,529,000 after purchasing an additional 6,488 shares during the last quarter. Kovack Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at about $1,608,000. Allied Investment Advisors LLC acquired a new position in Walmart in the 4th quarter valued at about $4,875,000. Picton Mahoney Asset Management acquired a new position in Walmart in the 4th quarter valued at about $5,382,000. Finally, Halbert Hargrove Russell LLC acquired a new position in Walmart in the 4th quarter valued at about $214,000. 30.03% of the stock is owned by institutional investors and hedge funds.
WMT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Wells Fargo & Co set a $101.00 target price on shares of Walmart and gave the company a “neutral” rating in a research note on Wednesday, December 27th. Jefferies Group set a $105.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reissued a “buy” rating and issued a $113.00 target price on shares of Walmart in a research note on Friday, February 16th. Finally, Vetr raised shares of Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 target price for the company in a research note on Tuesday, February 20th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Walmart presently has a consensus rating of “Buy” and a consensus price target of $102.40.
Walmart (NYSE:WMT) last issued its earnings results 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). Walmart had a return on equity of 16.85% and a net margin of 1.97%. The firm had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts expect that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
The business 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 2.36%. 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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