Girard Partners LTD. trimmed its stake in Walmart Inc (NYSE:WMT) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,270 shares of the retailer’s stock after selling 1,602 shares during the period. Girard Partners LTD.’s holdings in Walmart were worth $1,508,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Lenox Wealth Advisors Inc. grew its holdings in Walmart by 13,287.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock worth $106,000 after acquiring an additional 1,063 shares during the period. Cerebellum GP LLC acquired a new stake in Walmart during the 4th quarter worth about $127,000. Cable Hill Partners LLC grew its holdings in Walmart by 8,165.4% during the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after acquiring an additional 2,123 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in Walmart by 49.0% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 1,719 shares of the retailer’s stock worth $170,000 after acquiring an additional 565 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Walmart during the 4th quarter worth about $181,000. Institutional investors and hedge funds own 29.99% of the company’s stock.
Walmart Inc (NYSE:WMT) opened at $85.42 on Monday. Walmart Inc has a 1 year low of $69.33 and a 1 year high of $109.98. The firm has a market cap of $253,046.67, a PE ratio of 26.12, a P/E/G ratio of 3.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20.
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 given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.44%. Walmart’s payout ratio is 63.61%.
A number of analysts have weighed in on the company. Barclays increased their price target on Walmart to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Vetr upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.28 price target for the company in a report on Thursday, February 1st. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Nineteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Walmart has a consensus rating of “Buy” and an average target price of $102.40.
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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