Public Sector Pension Investment Board Grows Position in Walmart Inc. (NYSE:WMT)

Public Sector Pension Investment Board boosted its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 31.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 790,635 shares of the retailer’s stock after purchasing an additional 189,280 shares during the period. Walmart makes up about 0.6% of Public Sector Pension Investment Board’s portfolio, making the stock its 27th biggest position. Public Sector Pension Investment Board’s holdings in Walmart were worth $114,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its holdings in shares of Walmart by 7.6% in the 4th quarter. GHP Investment Advisors Inc. now owns 44,994 shares of the retailer’s stock valued at $6,510,000 after acquiring an additional 3,160 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Walmart by 6.2% in the 4th quarter. Schroder Investment Management Group now owns 352,804 shares of the retailer’s stock valued at $51,047,000 after acquiring an additional 20,529 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Walmart by 15.7% in the 4th quarter. Invesco Ltd. now owns 8,710,904 shares of the retailer’s stock valued at $1,260,381,000 after acquiring an additional 1,181,373 shares during the last quarter. Accretive Wealth Partners LLC boosted its holdings in shares of Walmart by 4.3% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,414 shares of the retailer’s stock valued at $1,362,000 after acquiring an additional 388 shares during the last quarter. Finally, KRS Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $125,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $154.41, for a total transaction of $1,499,012.28. Following the completion of the transaction, the chief executive officer now directly owns 1,536,571 shares of the company’s stock, valued at $237,261,928.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $136.20, for a total transaction of $159,004,374.60. The disclosure for this sale can be found here. Insiders have sold 1,411,690 shares of company stock valued at $193,321,410 over the last three months. 48.44% of the stock is currently owned by corporate insiders.

Shares of WMT stock traded up $4.37 on Monday, reaching $123.57. 326,510 shares of the stock were exchanged, compared to its average volume of 8,812,065. The company has a current ratio of 0.86, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77. The company has a market capitalization of $340.16 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 3.38 and a beta of 0.49. The business’s 50 day moving average price is $148.95 and its 200 day moving average price is $143.86.

Walmart (NYSE:WMTGet Rating) last announced its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business had revenue of $141.60 billion during the quarter, compared to analysts’ expectations of $138.05 billion. During the same period in the previous year, the company posted $1.69 earnings per share. Walmart’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 6.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be issued a $0.56 dividend. The ex-dividend date is Thursday, December 8th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.81%. Walmart’s payout ratio is 48.17%.

WMT has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. BNP Paribas upgraded shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 price objective for the company in a research report on Friday, February 11th. Jefferies Financial Group reduced their price objective on shares of Walmart from $175.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Gordon Haskett reduced their price objective on shares of Walmart from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Wednesday, May 18th. Finally, Stifel Nicolaus reduced their price objective on shares of Walmart from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $157.57.

About Walmart (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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