Great West Life Assurance Co. Can decreased its stake in shares of Walmart Inc (NYSE:WMT) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,953,315 shares of the retailer’s stock after selling 233,302 shares during the quarter. Great West Life Assurance Co. Can owned about 0.07% of Walmart worth $176,527,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Sargent Investment Group LLC purchased a new stake in shares of Walmart during the fourth quarter valued at $1,714,000. Weather Gauge Advisory LLC bought a new stake in Walmart in the 4th quarter worth approximately $339,000. IMS Capital Management raised its stake in Walmart by 7.7% during the 3rd quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock valued at $1,556,000 after buying an additional 1,188 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Walmart during the 3rd quarter valued at $39,376,000. Finally, Bath Savings Trust Co raised its stake in Walmart by 3.8% during the 4th quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock valued at $302,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 28.93% of the company’s stock.
In related news, insider John R. Furner sold 10,427 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total transaction of $1,061,572.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jacqueline P. Canney sold 980 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total transaction of $97,049.40. Following the transaction, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at $5,405,849.64. The disclosure for this sale can be found here. Insiders sold 14,240,978 shares of company stock worth $1,406,078,670 in the last three months. Insiders own 51.11% of the company’s stock.
Several analysts recently commented on WMT shares. Credit Suisse Group reaffirmed a “neutral” rating and issued a $103.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Barclays reiterated a “buy” rating and set a $113.00 price objective on shares of Walmart in a research report on Wednesday, February 20th. Morgan Stanley set a $113.00 target price on shares of Walmart and gave the company an “overweight” rating in a research report on Wednesday, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $108.00 target price on shares of Walmart in a report on Wednesday, February 20th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price target on shares of Walmart in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $105.82.
Shares of WMT opened at $98.83 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $106.21. The company has a market cap of $290.64 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 4.51 and a beta of 0.34.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The business had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. During the same period in the prior year, the company posted $1.33 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc will post 4.75 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 43.18%.
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Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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