IHT Wealth Management LLC Grows Position in Walmart Inc (WMT)

IHT Wealth Management LLC increased its holdings in Walmart Inc (NYSE:WMT) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,868 shares of the retailer’s stock after purchasing an additional 171 shares during the quarter. IHT Wealth Management LLC’s holdings in Walmart were worth $919,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $26,000. Ironwood Financial llc acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $28,000. Winch Advisory Services LLC raised its holdings in shares of Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after acquiring an additional 107 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 28.94% of the company’s stock.

WMT stock opened at $103.18 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $305.66 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 4.75 and a beta of 0.34. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $106.21.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.08. The company had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. On average, equities research analysts predict that Walmart Inc will post 4.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, May 9th. Walmart’s dividend payout ratio is 43.18%.

A number of research firms have recently issued reports on WMT. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. BMO Capital Markets restated a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Thursday, February 21st. Buckingham Research assumed coverage on shares of Walmart in a report on Thursday, February 7th. They set a “neutral” rating and a $96.73 price target on the stock. Evercore ISI assumed coverage on shares of Walmart in a research report on Wednesday, March 20th. They set an “in-line” rating and a $95.00 price objective on the stock. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $108.00 price objective on shares of Walmart in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.82.

In other Walmart news, insider David Chojnowski sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 1,480,096 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $97.50, for a total transaction of $144,309,360.00. Following the sale, the director now directly owns 3,347,379 shares of the company’s stock, valued at $326,369,452.50. The disclosure for this sale can be found here. Insiders sold 14,240,978 shares of company stock valued at $1,406,078,670 over the last three months. Insiders own 51.11% of the company’s stock.

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Walmart Company Profile

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, shoes.com, and samsclub.com; and mobile commerce applications.

Further Reading: Stock Symbol

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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