Front Barnett Associates LLC Invests $212,000 in Walmart Inc (WMT)

Front Barnett Associates LLC acquired a new position in shares of Walmart Inc (NYSE:WMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,150 shares of the retailer’s stock, valued at approximately $212,000.

A number of other institutional investors also recently added to or reduced their stakes in WMT. FMR LLC raised 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 in the last quarter. Fisher Asset Management LLC raised its stake in Walmart by 43.5% during the fourth quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock worth $859,814,000 after acquiring an additional 2,637,516 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Walmart by 52.9% during the second quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after acquiring an additional 1,689,364 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in Walmart by 128.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock worth $160,874,000 after acquiring an additional 1,158,519 shares in the last quarter. Finally, Fred Alger Management Inc. raised its stake in Walmart by 4,619.7% during the second quarter. Fred Alger Management Inc. now owns 1,128,064 shares of the retailer’s stock worth $85,372,000 after acquiring an additional 1,104,163 shares in the last quarter. Hedge funds and other institutional investors own 29.99% of the company’s stock.

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Walmart stock opened at $85.42 on Friday. The stock has a market capitalization of $258,141.97, a PE ratio of 26.12, a P/E/G ratio of 3.17 and a beta of 0.57. 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.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (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 firm had revenue of $135.15 billion during the quarter, compared to the consensus estimate of $133.63 billion. During the same quarter in the prior year, the business earned $1.30 EPS. Walmart’s revenue was up 4.2% on a year-over-year basis. equities analysts forecast that Walmart Inc will post 4.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders 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 2.44%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is currently 63.61%.

WMT has been the subject of several recent analyst reports. BMO Capital Markets set a $96.00 price objective 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. Stephens set a $117.00 price objective on Walmart and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Jefferies Group reiterated a “buy” rating and set a $119.00 price objective on shares of Walmart in a research note on Friday, February 16th. Finally, Vetr upgraded Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 price objective for the company in a research note on Tuesday, February 20th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $102.40.

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Walmart 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.

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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