Bridgeway Capital Management LLC reduced its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,135 shares of the retailer's stock after selling 61,175 shares during the quarter. Bridgeway Capital Management LLC's holdings in Walmart were worth $18,353,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. World Investment Advisors boosted its holdings in shares of Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after buying an additional 19,233 shares during the period. Candriam S.C.A. boosted its stake in Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares during the period. Bank of New Hampshire increased its holdings in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Modera Wealth Management LLC raised its stake in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after purchasing an additional 9,292 shares during the period. Finally, Iowa State Bank lifted its holdings in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Trading Up 0.6 %
Shares of NYSE:WMT opened at $99.31 on Tuesday. The stock has a market cap of $794.57 billion, a PE ratio of 41.21, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $59.39 and a 12-month high of $105.30. The business has a 50 day moving average of $90.59 and a 200-day moving average of $91.60.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio is currently 39.00%.
Insiders Place Their Bets
In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,857 shares of company stock worth $12,444,743 in the last quarter. Corporate insiders own 45.58% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on WMT shares. Roth Mkm reissued a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. KeyCorp increased their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Citigroup reiterated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $103.58.
View Our Latest Stock Report on WMT
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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