Tradewinds LLC. decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,822 shares of the retailer's stock after selling 2,936 shares during the period. Walmart makes up 2.7% of Tradewinds LLC.'s portfolio, making the stock its 8th largest holding. Tradewinds LLC.'s holdings in Walmart were worth $9,466,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares during the last quarter. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter worth $5,737,355,000. Northern Trust Corp grew its stake in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after acquiring an additional 514,036 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Price Performance
Shares of Walmart stock traded up $0.68 during trading on Friday, reaching $98.29. The company's stock had a trading volume of 7,686,204 shares, compared to its average volume of 18,068,909. The stock has a market capitalization of $784.40 billion, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $97.14 and a two-hundred day moving average price of $94.36.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Tigress Financial lifted their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, Stifel Nicolaus decreased their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.
Get Our Latest Stock Report on WMT
Insider Activity
In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the sale, the executive vice president directly owned 650,977 shares of the company's stock, valued at approximately $61,693,090.29. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,711 shares of company stock worth $13,710,319. Corporate insiders own 45.58% of the company's stock.
About Walmart
(
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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