White Pine Capital LLC increased its holdings in Walmart Inc (NYSE:WMT) by 57.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,482 shares of the retailer’s stock after purchasing an additional 4,180 shares during the period. White Pine Capital LLC’s holdings in Walmart were worth $1,134,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. W. E. Donoghue & Co. LLC purchased a new stake in Walmart during the fourth quarter valued at about $2,656,000. Pittenger & Anderson Inc. grew its position in Walmart by 9.1% during the fourth quarter. Pittenger & Anderson Inc. now owns 25,445 shares of the retailer’s stock valued at $2,513,000 after acquiring an additional 2,120 shares during the period. WINTON GROUP Ltd purchased a new stake in Walmart during the fourth quarter valued at about $6,643,000. Geode Capital Management LLC grew its position in Walmart by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 15,815,063 shares of the retailer’s stock valued at $1,558,526,000 after acquiring an additional 440,989 shares during the period. Finally, Investec Asset Management LTD grew its position in Walmart by 6.8% during the fourth quarter. Investec Asset Management LTD now owns 327,581 shares of the retailer’s stock valued at $32,349,000 after acquiring an additional 20,889 shares during the period. 30.00% of the stock is owned by institutional investors and hedge funds.
NYSE:WMT opened at $86.84 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.76. Walmart Inc has a one year low of $73.13 and a one year high of $109.98. The stock has a market capitalization of $254,824.09, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 3.13 and a beta of 0.54.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is 47.06%.
A number of research firms have issued reports on WMT. Barclays boosted their price target on Walmart to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Vetr raised Walmart from a “hold” rating to a “buy” rating and set a $110.28 price target for the company in a research report on Thursday, February 1st. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase reissued a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Twenty analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $101.77.
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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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