Cookson Peirce & Co. Inc. purchased a new position in shares of Walmart Inc (NYSE:WMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,625 shares of the retailer’s stock, valued at approximately $431,000.
Other large investors also recently made changes to their positions in the company. Weather Gauge Advisory LLC acquired a new position in shares of Walmart during the fourth quarter worth $339,000. IMS Capital Management increased its holdings in Walmart by 7.7% in the third quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock valued at $1,556,000 after purchasing an additional 1,188 shares during the period. Point72 Asset Management L.P. acquired a new stake in Walmart in the third quarter valued at $39,376,000. Bath Savings Trust Co increased its holdings in Walmart by 3.8% in the fourth quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock valued at $302,000 after purchasing an additional 118 shares during the period. Finally, Legacy Capital Partners Inc. increased its holdings in Walmart by 11.3% in the fourth quarter. Legacy Capital Partners Inc. now owns 10,057 shares of the retailer’s stock valued at $937,000 after purchasing an additional 1,017 shares during the period. Institutional investors own 28.96% of the company’s stock.
A number of analysts recently weighed in on the company. Credit Suisse Group restated a “neutral” rating and issued a $103.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Barclays restated a “buy” rating and issued a $113.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Morgan Stanley set a $113.00 price objective on Walmart and gave the company an “overweight” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $108.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Finally, BMO Capital Markets restated a “buy” rating and issued a $115.00 price objective on shares of Walmart in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $106.29.
Shares of WMT opened at $98.22 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. The firm has a market cap of $293.36 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 4.53 and a beta of 0.34. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $106.21.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.08. The business had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. As a group, sell-side analysts predict that Walmart Inc will post 4.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.16%. Walmart’s dividend payout ratio (DPR) is currently 42.36%.
In other news, Director S Robson Walton sold 734,950 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $92.48, for a total transaction of $67,968,176.00. Following the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $309,554,049.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 500 shares of the stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $92.00, for a total transaction of $46,000.00. Following the transaction, the insider now directly owns 7,183,580 shares in the company, valued at approximately $660,889,360. The disclosure for this sale can be found here. Insiders have sold a total of 10,094,148 shares of company stock worth $986,307,308 in the last three months. Insiders own 51.11% of the company’s stock.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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