Grimes & Company Inc. lifted its stake in shares of Walmart Inc (NYSE:WMT) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,134 shares of the retailer’s stock after purchasing an additional 801 shares during the quarter. Grimes & Company Inc.’s holdings in Walmart were worth $408,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Essex Investment Management Co. LLC raised its position in Walmart by 23.4% in the fourth quarter. Essex Investment Management Co. LLC now owns 5,552 shares of the retailer’s stock worth $548,000 after acquiring an additional 1,052 shares in the last quarter. WASHINGTON TRUST Co raised its position in Walmart by 742.3% in the fourth quarter. WASHINGTON TRUST Co now owns 78,717 shares of the retailer’s stock worth $7,772,000 after acquiring an additional 69,372 shares in the last quarter. Evanson Asset Management LLC raised its position in Walmart by 114.1% in the fourth quarter. Evanson Asset Management LLC now owns 6,186 shares of the retailer’s stock worth $611,000 after acquiring an additional 3,297 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its position in Walmart by 208.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 9,835 shares of the retailer’s stock worth $971,000 after acquiring an additional 6,650 shares in the last quarter. Finally, Exchange Capital Management Inc. raised its position in Walmart by 185.9% in the fourth quarter. Exchange Capital Management Inc. now owns 6,658 shares of the retailer’s stock worth $657,000 after acquiring an additional 4,329 shares in the last quarter. Institutional investors and hedge funds own 29.99% of the company’s stock.
Walmart Inc (WMT) opened at $87.45 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 12 month low of $69.33 and a 12 month high of $109.98. The firm has a market capitalization of $264,155.59, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.15 and a beta of 0.57.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.04). Walmart had a net margin of 1.97% and a return on equity of 16.85%. The business had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. During the same period last year, the firm earned $1.30 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Walmart Inc will post 4.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.38%. Walmart’s dividend payout ratio (DPR) is presently 63.61%.
Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.28 price target on the stock in a research report on Thursday, February 1st. ValuEngine upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Nineteen investment 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. The company has a consensus rating of “Buy” and a consensus price target of $102.40.
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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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