Gradient Investments LLC Buys Shares of 1,572 Walmart Inc (WMT)

Gradient Investments LLC bought a new stake in Walmart Inc (NYSE:WMT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,572 shares of the retailer’s stock, valued at approximately $155,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Comerica Securities Inc. lifted its holdings in Walmart by 0.3% in the 2nd quarter. Comerica Securities Inc. now owns 18,079 shares of the retailer’s stock valued at $1,368,000 after purchasing an additional 50 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its stake in shares of Walmart by 0.5% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 11,983 shares of the retailer’s stock valued at $907,000 after acquiring an additional 55 shares during the last quarter. Fort Pitt Capital Group LLC increased its stake in shares of Walmart by 0.5% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 16,654 shares of the retailer’s stock valued at $1,260,000 after acquiring an additional 90 shares during the last quarter. Security National Bank of SO Dak increased its stake in shares of Walmart by 0.7% during the 2nd quarter. Security National Bank of SO Dak now owns 15,405 shares of the retailer’s stock valued at $1,166,000 after acquiring an additional 100 shares during the last quarter. Finally, Sterneck Capital Management LLC increased its stake in shares of Walmart by 1.5% during the 2nd quarter. Sterneck Capital Management LLC now owns 6,689 shares of the retailer’s stock valued at $506,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 29.99% of the company’s stock.

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Shares of Walmart Inc (NYSE WMT) opened at $85.42 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20. Walmart Inc has a 1 year low of $69.33 and a 1 year high of $109.98. The stock has a market cap of $253,046.67, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $133.63 billion. During the same period last year, the business earned $1.30 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Walmart Inc will post 4.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is 63.61%.

A number of research analysts have recently commented on WMT shares. Robert W. Baird set a $110.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Tuesday, January 2nd. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Citigroup raised shares of Walmart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $106.00 to $117.00 in a research note on Tuesday, December 19th. Vetr raised shares of Walmart from a “hold” rating to a “buy” rating and set a $104.38 price objective for the company in a research note on Wednesday, January 10th. Finally, Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Saturday, January 13th. 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. The company presently has an average rating of “Buy” and a consensus price target of $102.40.

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Walmart Company 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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