Victory Capital Management Inc. raised its holdings in Walmart Inc (NYSE:WMT) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 321,394 shares of the retailer’s stock after buying an additional 3,012 shares during the quarter. Victory Capital Management Inc.’s holdings in Walmart were worth $31,738,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WMT. Lenox Wealth Advisors Inc. increased its holdings in Walmart by 13,287.5% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock worth $106,000 after buying an additional 1,063 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in Walmart by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Walmart during the fourth quarter worth about $127,000. Almanack Investment Partners LLC. purchased a new stake in Walmart during the second quarter worth about $149,000. Finally, Cable Hill Partners LLC increased its holdings in Walmart by 8,165.4% during the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after buying an additional 2,123 shares during the last quarter. 30.03% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the stock. 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 report on Monday, November 20th. They noted that the move was a valuation call. Barclays raised their price objective on shares of Walmart to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Wednesday, February 21st. Oppenheimer set a $93.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a report 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 report on Friday, November 17th. Nineteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $102.40.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.04). The business had revenue of $135.15 billion for 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 company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. sell-side analysts predict that Walmart Inc will post 4.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is presently 63.61%.
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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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