Halbert Hargrove Russell LLC bought a new stake in Walmart Inc (NYSE:WMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,168 shares of the retailer’s stock, valued at approximately $214,000.
A number of other hedge funds have also recently made changes to their positions in WMT. FMR LLC increased its stake in shares of Walmart by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Walmart by 43.5% during the 4th quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock valued at $859,814,000 after acquiring an additional 2,637,516 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Walmart by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after acquiring an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Walmart by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its stake in shares of Walmart by 128.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after acquiring an additional 1,158,519 shares during the last quarter. 30.03% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on WMT. Goldman Sachs Group downgraded shares of Walmart from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, November 20th. They noted that the move was a valuation call. Barclays upped their price objective on shares of Walmart to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Wednesday, February 21st. Oppenheimer set a $93.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Friday, March 2nd. Finally, Vetr downgraded shares of Walmart from a “hold” rating to a “sell” rating and set a $91.97 price objective for the company. in a research note on Friday, November 17th. Nineteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $102.40.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.04). The company had revenue of $135.15 billion during the quarter, compared to analysts’ expectations of $133.63 billion. Walmart had a return on equity of 16.85% and a net margin of 1.97%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 EPS. equities analysts forecast that Walmart Inc will post 4.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio is presently 65.00%.
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Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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