180 Wealth Advisors LLC acquired a new stake in shares of Walmart Inc (NYSE:WMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,129 shares of the retailer’s stock, valued at approximately $2,284,000. Walmart accounts for 1.2% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest holding.
A number of other hedge funds also recently modified their holdings of WMT. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Walmart in the fourth quarter worth approximately $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 period. Cerebellum GP LLC purchased a new stake in shares of Walmart in the fourth quarter worth approximately $127,000. Financial Gravity Companies Inc. purchased a new stake in shares of Walmart in the fourth quarter worth approximately $139,000. Finally, Gradient Investments LLC purchased a new stake in shares of Walmart in the fourth quarter worth approximately $155,000. Institutional investors and hedge funds own 30.00% of the company’s stock.
Walmart stock opened at $86.84 on Tuesday. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $254,824.09, a PE ratio of 19.65, a price-to-earnings-growth ratio of 3.13 and a beta of 0.54. Walmart Inc has a 1-year low of $73.13 and a 1-year high of $109.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.40%. Walmart’s payout ratio is 47.06%.
Several equities research analysts have recently weighed in on the company. Goldman Sachs set a $115.00 price target on Walmart and gave the stock a “neutral” rating in a report on Tuesday, January 16th. Barclays raised their price objective on Walmart to $120.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Wednesday, February 21st. Oppenheimer set a $93.00 price objective on Walmart and gave the stock a “neutral” rating in a report on Friday, March 2nd. Finally, Cowen set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a report on Thursday, February 8th. Twenty equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Walmart presently has a consensus rating of “Hold” and a consensus price target of $101.77.
Walmart Company Profile
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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