Weiss Multi Strategy Advisers LLC lowered its holdings in shares of Walmart Inc (NYSE:WMT) by 77.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the retailer’s stock after selling 35,000 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in Walmart were worth $932,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sargent Investment Group LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $1,714,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Walmart by 6.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 445,340 shares of the retailer’s stock worth $41,483,000 after buying an additional 27,729 shares in the last quarter. Weather Gauge Advisory LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $339,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $3,669,000. Finally, IMS Capital Management grew its holdings in shares of Walmart by 7.7% during the third quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock worth $1,556,000 after buying an additional 1,188 shares in the last quarter. Institutional investors own 28.94% of the company’s stock.
In other Walmart news, major shareholder Alice L. Walton sold 1,855,869 shares of Walmart stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the transaction, the insider now directly owns 15,557,224 shares of the company’s stock, valued at $1,548,877,221.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jacqueline P. Canney sold 980 shares of Walmart stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total transaction of $97,049.40. Following the transaction, the executive vice president now directly owns 54,588 shares in the company, valued at $5,405,849.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,240,978 shares of company stock worth $1,406,078,670. 51.11% of the stock is currently owned by corporate insiders.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.08. The firm had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. Walmart’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. As a group, equities research analysts anticipate that Walmart Inc will post 4.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.06%. Walmart’s dividend payout ratio (DPR) is 43.18%.
A number of equities research analysts recently issued reports on WMT shares. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, December 20th. Morgan Stanley upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $107.00 to $110.00 in a report on Wednesday, January 23rd. Tigress Financial restated a “hold” rating on shares of Walmart in a report on Tuesday, January 29th. Buckingham Research started coverage on shares of Walmart in a report on Thursday, February 7th. They issued a “neutral” rating and a $96.73 target price for the company. Finally, DZ Bank restated a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $105.82.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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