Sky Investment Group LLC raised its position in Walmart Inc. (NYSE:WMT) by 59.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,374 shares of the retailer’s stock after buying an additional 2,388 shares during the period. Sky Investment Group LLC’s holdings in Walmart were worth $866,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Black Swift Group LLC bought a new stake in shares of Walmart during the 4th quarter worth $26,000. Greenhouse Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at $26,000. Albion Financial Group UT bought a new stake in shares of Walmart in the fourth quarter valued at $27,000. ShoreHaven Wealth Partners LLC purchased a new position in shares of Walmart during the 4th quarter valued at $29,000. Finally, Perennial Advisors LLC bought a new position in shares of Walmart during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 29.34% of the company’s stock.
WMT traded down $0.25 during trading hours on Thursday, reaching $140.95. 31,662 shares of the company’s stock traded hands, compared to its average volume of 9,199,254. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $134.80 and a 200 day moving average price of $142.21. Walmart Inc. has a 52-week low of $117.01 and a 52-week high of $153.66. The firm has a market capitalization of $397.07 billion, a PE ratio of 22.54, a PEG ratio of 4.86 and a beta of 0.27.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 18th. The retailer reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.12). Walmart had a return on equity of 19.13% and a net margin of 3.30%. The company had revenue of $152.08 billion during the quarter, compared to the consensus estimate of $148.52 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. Equities analysts predict that Walmart Inc. will post 5.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Investors of record on Friday, December 10th will be issued a $0.55 dividend. The ex-dividend date is Thursday, December 9th. This represents a $2.20 annualized dividend and a dividend yield of 1.56%. Walmart’s payout ratio is currently 44.62%.
Walmart announced that its board has approved a share buyback plan on Thursday, February 18th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
Several analysts have recently issued reports on WMT shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walmart from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, February 19th. Raymond James decreased their target price on shares of Walmart from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, February 25th. FIX downgraded shares of Walmart from a “hold” rating to a “sell” rating and cut their price target for the company from $157.00 to $131.00 in a report on Monday, January 25th. MKM Partners dropped their price objective on Walmart from $154.00 to $141.00 in a research note on Tuesday, March 16th. Finally, Zacks Investment Research upgraded Walmart from a “sell” rating to a “hold” rating and set a $147.00 target price on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $154.17.
In related news, Director S Robson Walton sold 289,560 shares of the firm’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $131.86, for a total transaction of $38,181,381.60. Following the sale, the director now owns 3,215,991 shares of the company’s stock, valued at $424,060,573.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randall L. Stephenson bought 7,725 shares of the business’s stock in a transaction on Monday, March 8th. The stock was bought at an average price of $129.63 per share, for a total transaction of $1,001,391.75. Following the purchase, the director now directly owns 8,308 shares of the company’s stock, valued at $1,076,966.04. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,000,000 shares of company stock worth $262,916,487. 50.43% of the stock is owned by company insiders.
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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