Skye Global Management LP reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 75.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,200 shares of the retailer's stock after selling 78,800 shares during the period. Skye Global Management LP's holdings in Walmart were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. World Investment Advisors lifted its stake in shares of 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 purchasing an additional 19,233 shares during the period. Candriam S.C.A. increased its holdings in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after buying an additional 599,257 shares during the last quarter. Modera Wealth Management LLC raised its position in Walmart by 4.8% in 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 during the period. Cushing Capital Partners LLC purchased a new position in shares of Walmart during the 4th quarter worth $1,124,000. Finally, Campbell Wealth Management bought a new stake in shares of Walmart during the 4th quarter valued at $359,000. Institutional investors own 26.76% of the company's stock.
Walmart Stock Performance
Walmart stock opened at $96.31 on Friday. The company's 50-day moving average price is $90.98 and its 200-day moving average price is $92.29. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $770.57 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a twelve month low of $62.94 and a twelve month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued 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 analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is presently 39.00%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Raymond James decreased their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Roth Mkm reissued a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Two 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.94.
Read Our Latest Analysis on WMT
Insider Activity at Walmart
In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 133,857 shares of company stock worth $12,444,743. Insiders own 45.58% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
