State of Tennessee Department of Treasury trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,541,964 shares of the retailer's stock after selling 138,107 shares during the period. State of Tennessee Department of Treasury's holdings in Walmart were worth $139,316,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Walmart in the 4th quarter valued at approximately $6,915,000. Wealth Dimensions Group Ltd. lifted its stake in Walmart by 10.3% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 8,375 shares of the retailer's stock valued at $757,000 after buying an additional 783 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Walmart by 4.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 967,904 shares of the retailer's stock valued at $87,489,000 after buying an additional 42,050 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Walmart by 28.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 418,189 shares of the retailer's stock worth $37,783,000 after acquiring an additional 91,792 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Walmart by 92.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 355,931 shares of the retailer's stock worth $32,158,000 after acquiring an additional 170,725 shares during the period. 26.76% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,782 shares of company stock worth $16,785,305 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.
Walmart Stock Performance
NYSE WMT opened at $93.17 on Monday. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a market cap of $746.93 billion, a PE ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. The firm has a 50-day moving average of $91.52 and a 200-day moving average of $90.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.
Walmart (NYSE:WMT - Get Free Report) last posted 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. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Analyst Ratings Changes
A number of research firms have issued reports on WMT. 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. Citigroup reiterated a "positive" rating on shares of Walmart in a report on Thursday, February 20th. Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.58.
Read Our Latest Stock Analysis on WMT
Walmart Company Profile
(
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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