Harbour Investments Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,744 shares of the retailer's stock after purchasing an additional 3,917 shares during the period. Harbour Investments Inc.'s holdings in Walmart were worth $5,245,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of WMT. GAMMA Investing LLC increased its position in Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after acquiring an additional 7,860,306 shares during the period. Northern Trust Corp grew its stake in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Walmart by 1,707.6% in the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after acquiring an additional 3,512,368 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after purchasing an additional 3,182,477 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Walmart by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,917,346 shares of the retailer's stock worth $2,341,632,000 after buying an additional 2,643,413 shares during the period. Institutional investors own 26.76% of the company's stock.
Walmart Trading Up 0.4%
Shares of NYSE WMT traded up $0.42 during mid-day trading on Friday, reaching $98.40. 16,740,547 shares of the company's stock were exchanged, compared to its average volume of 12,707,151. The firm has a market capitalization of $785.27 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 4.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The company's 50-day moving average is $96.86 and its 200-day moving average is $95.03.
Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the business posted $0.60 EPS. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 95.0%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on WMT shares. UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Raymond James Financial decreased their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Evercore ISI boosted their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus dropped their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.67.
Check Out Our Latest Stock Analysis on WMT
Insider Transactions at Walmart
In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,912 shares of company stock valued at $13,863,813. Insiders own 45.58% of the company's stock.
Walmart Company 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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