Heritage Wealth Management Inc. CA boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 47.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,407 shares of the retailer's stock after acquiring an additional 3,367 shares during the period. Heritage Wealth Management Inc. CA's holdings in Walmart were worth $940,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after purchasing an additional 809,352 shares during the period. Quest Partners LLC bought a new stake in Walmart in the 3rd quarter valued at about $336,000. Cahill Financial Advisors Inc. raised its stake in Walmart by 4.2% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 3,681 shares of the retailer's stock worth $297,000 after buying an additional 150 shares during the period. Fisher Asset Management LLC boosted its holdings in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Davis R M Inc. grew its stake in Walmart by 12.7% in the third quarter. Davis R M Inc. now owns 12,548 shares of the retailer's stock valued at $1,013,000 after acquiring an additional 1,413 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Price Performance
Shares of NYSE WMT opened at $87.56 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $95.12 and a two-hundred day simple moving average of $89.19. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The firm has a market cap of $701.92 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart's payout ratio is 39.00%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on WMT shares. Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. KeyCorp lifted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Evercore ISI lowered their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price objective on Walmart from $99.00 to $93.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $103.17.
Check Out Our Latest Report on Walmart
Insider Activity
In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock valued at $18,001,116 over the last quarter. Company insiders own 45.58% of the company's stock.
About Walmart
(
Free Report)
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
See Also
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).
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