Investec Asset Management LTD raised its position in Walmart Inc (NYSE:WMT) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 327,581 shares of the retailer’s stock after acquiring an additional 20,889 shares during the period. Investec Asset Management LTD’s holdings in Walmart were worth $32,349,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Walmart in the fourth quarter worth $105,000. Lenox Wealth Advisors Inc. raised its holdings in shares of Walmart by 13,287.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock worth $106,000 after buying an additional 1,063 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Walmart in the fourth quarter worth $127,000. Financial Gravity Companies Inc. purchased a new position in shares of Walmart in the fourth quarter worth $139,000. Finally, Gradient Investments LLC purchased a new position in shares of Walmart in the fourth quarter worth $155,000. Institutional investors own 30.00% of the company’s stock.
A number of research analysts have issued reports on WMT shares. Citigroup raised shares of Walmart from a “neutral” rating to a “buy” rating and raised their price target for the stock from $106.00 to $117.00 in a report on Tuesday, December 19th. Robert W. Baird set a $110.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stephens set a $117.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Saturday, January 13th. Twenty analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $102.04.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.04). The firm had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. Walmart had a net margin of 1.97% and a return on equity of 16.85%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS. research analysts predict that Walmart Inc will post 4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.42%. Walmart’s dividend payout ratio is presently 47.06%.
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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