North Star Investment Management Corp. trimmed its holdings in shares of Walmart Inc (NYSE:WMT) by 1.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,532 shares of the retailer’s stock after selling 137 shares during the quarter. North Star Investment Management Corp.’s holdings in Walmart were worth $1,222,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its position in shares of Walmart by 2.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,330 shares of the retailer’s stock valued at $715,000 after buying an additional 150 shares in the last quarter. Manning & Napier Group LLC raised its position in shares of Walmart by 25.2% during the 1st quarter. Manning & Napier Group LLC now owns 588,558 shares of the retailer’s stock valued at $57,400,000 after buying an additional 118,355 shares in the last quarter. Silverleafe Capital Partners LLC raised its position in shares of Walmart by 363.4% during the 1st quarter. Silverleafe Capital Partners LLC now owns 33,288 shares of the retailer’s stock valued at $3,247,000 after buying an additional 26,104 shares in the last quarter. Strategic Blueprint LLC raised its position in shares of Walmart by 32.5% during the 1st quarter. Strategic Blueprint LLC now owns 24,930 shares of the retailer’s stock valued at $2,431,000 after buying an additional 6,116 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. purchased a new stake in shares of Walmart during the 1st quarter valued at about $240,000. Hedge funds and other institutional investors own 28.96% of the company’s stock.
Shares of WMT stock opened at $101.91 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market capitalization of $294.88 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 4.58 and a beta of 0.36. Walmart Inc has a one year low of $81.78 and a one year high of $106.21.
Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.08. The business had revenue of $137.74 billion for the quarter, compared to the consensus estimate of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS. On average, equities analysts forecast that Walmart Inc will post 4.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.08%. Walmart’s dividend payout ratio is currently 43.18%.
Several analysts have recently issued reports on WMT shares. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Morgan Stanley upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $107.00 to $110.00 in a research report on Wednesday, January 23rd. Tigress Financial restated a “hold” rating on shares of Walmart in a research report on Tuesday, January 29th. Buckingham Research started coverage on shares of Walmart in a research report on Thursday, February 7th. They set a “neutral” rating and a $96.73 target price on the stock. Finally, DZ Bank restated a “neutral” rating on shares of Walmart in a research report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eighteen have assigned a buy rating to the stock. Walmart currently has a consensus rating of “Hold” and an average target price of $105.87.
In other Walmart news, insider John R. Furner sold 10,427 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total value of $1,061,572.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David Chojnowski sold 2,000 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $97.17, for a total transaction of $194,340.00. The disclosure for this sale can be found here. Insiders sold a total of 14,240,978 shares of company stock worth $1,406,078,670 over the last 90 days. Insiders own 51.11% of the company’s stock.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
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