SPX Gestao de Recursos Ltda purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the retailer's stock, valued at approximately $9,035,000. Walmart accounts for about 1.4% of SPX Gestao de Recursos Ltda's holdings, making the stock its 24th largest holding.
A number of other institutional investors have also made changes to their positions in WMT. Swedbank AB lifted its stake in shares of Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer's stock worth $431,632,000 after acquiring an additional 18,644 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Assetmark Inc. raised its position in shares of Walmart by 8.3% in the 3rd quarter. Assetmark Inc. now owns 132,180 shares of the retailer's stock valued at $10,674,000 after purchasing an additional 10,090 shares in the last quarter. Baker Avenue Asset Management LP raised its position in shares of Walmart by 14.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 23,757 shares of the retailer's stock valued at $1,918,000 after purchasing an additional 3,045 shares in the last quarter. Finally, Tyler Stone Wealth Management raised its position in shares of Walmart by 271.7% in the 3rd quarter. Tyler Stone Wealth Management now owns 5,613 shares of the retailer's stock valued at $453,000 after purchasing an additional 4,103 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on WMT. Robert W. Baird upped their target price on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday. StockNews.com lowered Walmart from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $103.20.
Read Our Latest Report on Walmart
Walmart Price Performance
WMT stock traded down $0.39 on Tuesday, hitting $87.44. 28,677,732 shares of the company's stock traded hands, compared to its average volume of 15,795,300. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The stock has a market cap of $702.40 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 4.42 and a beta of 0.53. The stock has a fifty day moving average of $96.07 and a 200-day moving average of $88.61. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
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 issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.08%. Walmart's payout ratio is currently 39.00%.
Insider Transactions at Walmart
In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company's stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 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.
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