Menora Mivtachim Holdings LTD. boosted its stake in shares of Walmart Inc (NYSE:WMT) by 33.8% during the fourth quarter, Holdings Channel reports. The fund owned 957,250 shares of the retailer’s stock after acquiring an additional 242,040 shares during the period. Walmart makes up approximately 2.6% of Menora Mivtachim Holdings LTD.’s holdings, making the stock its 5th biggest holding. Menora Mivtachim Holdings LTD.’s holdings in Walmart were worth $89,168,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of WMT. InterOcean Capital LLC boosted its stake in shares of Walmart by 11.0% in the 4th quarter. InterOcean Capital LLC now owns 337,305 shares of the retailer’s stock valued at $31,420,000 after purchasing an additional 33,374 shares during the last quarter. LexAurum Advisors LLC boosted its stake in shares of Walmart by 14.0% in the 4th quarter. LexAurum Advisors LLC now owns 4,084 shares of the retailer’s stock valued at $380,000 after purchasing an additional 502 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Walmart in the 4th quarter valued at about $72,626,000. Marble Harbor Investment Counsel LLC boosted its stake in shares of Walmart by 0.9% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 54,851 shares of the retailer’s stock valued at $5,109,000 after purchasing an additional 500 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of Walmart by 9.3% in the 4th quarter. Valmark Advisers Inc. now owns 3,788 shares of the retailer’s stock valued at $353,000 after purchasing an additional 323 shares during the last quarter. 28.96% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider John R. Furner sold 10,427 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total value of $1,061,572.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 500 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $92.00, for a total transaction of $46,000.00. Following the completion of the transaction, the insider now directly owns 7,183,580 shares of the company’s stock, valued at $660,889,360. The disclosure for this sale can be found here. Insiders sold 10,094,148 shares of company stock valued at $986,307,308 over the last three months. 51.11% of the stock is owned by company insiders.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.08. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The business had revenue of $137.74 billion during the quarter, compared to analysts’ expectations of $137.63 billion. During the same period last year, the business earned $1.33 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc will post 4.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be paid a $0.53 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.16%. Walmart’s dividend payout ratio is presently 42.36%.
Several research analysts have recently issued reports on WMT shares. Credit Suisse Group set a $103.00 target price on shares of Walmart and gave the company a “hold” rating in a research note on Thursday, November 15th. KeyCorp raised their target price on shares of Walmart from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, November 16th. Independent Research reaffirmed a “neutral” rating and issued a $101.00 target price on shares of Walmart in a research note on Tuesday, November 20th. Stephens set a $117.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, November 16th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and issued a $101.00 target price on shares of Walmart in a research note on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $106.29.
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Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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