Renaissance Technologies LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Renaissance Technologies LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 89.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,952 shares of the retailer’s stock after selling 2,707,548 shares during the quarter. Renaissance Technologies LLC’s holdings in Walmart were worth $48,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JT Stratford LLC increased its position in shares of Walmart by 4.8% during the 4th quarter. JT Stratford LLC now owns 25,456 shares of the retailer’s stock valued at $3,683,000 after purchasing an additional 1,157 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Walmart by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,601,132 shares of the retailer’s stock worth $1,533,877,000 after acquiring an additional 584,227 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Walmart by 11.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,108,300 shares of the retailer’s stock worth $305,049,000 after acquiring an additional 224,531 shares in the last quarter. Advisor Resource Council purchased a new stake in Walmart in the 4th quarter worth approximately $1,096,000. Finally, HS Management Partners LLC increased its holdings in Walmart by 39.7% in the 4th quarter. HS Management Partners LLC now owns 1,537,381 shares of the retailer’s stock worth $222,444,000 after acquiring an additional 436,790 shares in the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $154.41, for a total value of $1,499,012.28. Following the completion of the sale, the chief executive officer now owns 1,536,571 shares in the company, valued at $237,261,928.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 128,000 shares of the stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $139.70, for a total value of $17,881,600.00. The disclosure for this sale can be found here. Insiders sold 1,411,690 shares of company stock valued at $193,321,410 in the last 90 days. Corporate insiders own 48.44% of the company’s stock.

Shares of WMT opened at $119.20 on Friday. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77. The business has a fifty day moving average of $148.95 and a 200 day moving average of $143.92. The company has a market cap of $328.13 billion, a PE ratio of 25.63, a P/E/G ratio of 3.38 and a beta of 0.49. The company has a quick ratio of 0.28, a current ratio of 0.86 and a debt-to-equity ratio of 0.58.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The company had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. During the same quarter last year, the company posted $1.69 EPS. Walmart’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 6.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.88%. Walmart’s payout ratio is currently 48.17%.

Several equities research analysts recently issued reports on the stock. Bank of America reduced their target price on shares of Walmart from $190.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group set a $160.00 target price on shares of Walmart in a report on Wednesday. MKM Partners reduced their target price on shares of Walmart to $159.00 and set a “na” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Walmart from $165.00 to $150.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Finally, UBS Group cut their price objective on shares of Walmart from $180.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average price target of $157.57.

Walmart Company Profile (Get Rating)

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.

Featured Stories

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:WMTGet Rating).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.