Belpointe Asset Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,482 shares of the retailer's stock after buying an additional 4,190 shares during the quarter. Belpointe Asset Management LLC's holdings in Walmart were worth $3,929,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Walmart by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC boosted its position in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank bought a new stake in shares of Walmart during the 4th quarter worth about $5,737,355,000. Fisher Asset Management LLC grew its position in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after purchasing an additional 1,133,201 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after buying an additional 514,036 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Trading Down 0.8 %
NYSE:WMT traded down $0.76 during trading hours on Tuesday, hitting $93.97. 21,858,513 shares of the company were exchanged, compared to its average volume of 17,742,921. The stock has a market capitalization of $753.38 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a fifty day simple moving average of $92.27 and a 200 day simple moving average of $90.06. 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 quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Roth Mkm reissued a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Thursday, April 10th. StockNews.com lowered shares of Walmart from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley restated an "overweight" rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.
Get Our Latest Analysis on Walmart
Insider Buying and Selling
In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock valued at $16,785,080 over the last ninety days. 45.58% of the stock is owned by corporate insiders.
Walmart 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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