Corundum Group Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 50.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,354 shares of the retailer's stock after selling 10,514 shares during the quarter. Corundum Group Inc.'s holdings in Walmart were worth $909,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in WMT. World Investment Advisors lifted its position in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after buying an additional 19,233 shares in the last quarter. Candriam S.C.A. increased its stake in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the last quarter. Modera Wealth Management LLC raised its holdings in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC purchased a new stake in shares of Walmart during the fourth quarter worth $1,124,000. Finally, GWN Securities Inc. acquired a new stake in Walmart during the fourth quarter valued at $4,658,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Stock Down 0.8%
WMT stock opened at $97.24 on Thursday. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a market cap of $776.02 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69. The business's 50-day simple moving average is $96.65 and its 200 day simple moving average is $94.20. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.
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 company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on WMT shares. 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. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Barclays reiterated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Robert W. Baird raised their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.
View Our Latest Stock Analysis on WMT
Insider Buying and Selling at Walmart
In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the sale, the chief executive officer now directly owns 4,480,347 shares in the company, valued at approximately $422,003,883.93. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,295 shares of company stock valued at $11,801,762 in the last 90 days. 45.58% of the stock is currently owned by company insiders.
Walmart Profile
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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.
Further Reading
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).
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