Lido Advisors LLC lifted its holdings in shares of Walmart Inc (NYSE:WMT) by 25.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,941 shares of the retailer’s stock after buying an additional 1,000 shares during the period. Lido Advisors LLC’s holdings in Walmart were worth $462,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Walmart in the 3rd quarter valued at about $376,000. National Pension Service lifted its stake in Walmart by 1.0% in the 3rd quarter. National Pension Service now owns 1,275,898 shares of the retailer’s stock valued at $119,820,000 after purchasing an additional 12,243 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Walmart in the 3rd quarter valued at about $335,000. Kiwi Wealth Investments Limited Partnership acquired a new stake in Walmart in the 3rd quarter valued at about $11,842,000. Finally, Worldquant Millennium Quantitative Strategies LLC lifted its stake in Walmart by 4.1% in the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 210,043 shares of the retailer’s stock valued at $19,725,000 after purchasing an additional 8,299 shares during the last quarter. Institutional investors own 28.92% of the company’s stock.
Several brokerages recently issued reports on WMT. Credit Suisse Group reiterated a “neutral” rating and issued a $103.00 target price on shares of Walmart in a research note on Wednesday, February 20th. Morgan Stanley set a $113.00 price target on shares of Walmart and gave the company an “overweight” rating in a report on Wednesday, February 20th. BMO Capital Markets reissued a “buy” rating and issued a $115.00 price target on shares of Walmart in a report on Thursday, February 21st. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Finally, Bank of America set a $120.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $105.82.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. During the same period last year, the firm earned $1.33 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc will post 4.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.07%. Walmart’s dividend payout ratio is presently 43.18%.
In related news, insider David Chojnowski sold 2,000 shares of Walmart stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 1,139,696 shares of Walmart stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $99.72, for a total transaction of $113,650,485.12. The disclosure for this sale can be found here. Insiders sold 14,240,978 shares of company stock worth $1,406,078,670 over the last three months. 51.11% of the stock is currently owned by insiders.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
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