Wellington Shields & Co. LLC Grows Stake in Walmart Inc (WMT)

Wellington Shields & Co. LLC boosted its position in shares of Walmart Inc (NYSE:WMT) by 40.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,841 shares of the retailer’s stock after purchasing an additional 2,850 shares during the period. Wellington Shields & Co. LLC’s holdings in Walmart were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Oregon Public Employees Retirement Fund increased its holdings in Walmart by 2,899.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after purchasing an additional 14,058,442 shares in the last quarter. AQR Capital Management LLC grew its holdings in Walmart by 27.2% during the third quarter. AQR Capital Management LLC now owns 12,208,910 shares of the retailer’s stock worth $1,146,539,000 after purchasing an additional 2,608,732 shares during the period. Acadian Asset Management LLC grew its holdings in Walmart by 493.9% during the fourth quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock worth $161,400,000 after purchasing an additional 1,440,922 shares during the period. Vanguard Group Inc grew its holdings in Walmart by 0.9% during the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Walmart by 0.9% during the third quarter. Vanguard Group Inc. now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares during the period. Hedge funds and other institutional investors own 28.94% of the company’s stock.

NYSE:WMT traded up $0.46 during mid-day trading on Wednesday, reaching $103.53. The stock had a trading volume of 3,600,307 shares, compared to its average volume of 7,111,704. The stock has a market capitalization of $307.02 billion, a price-to-earnings ratio of 21.09, 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. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.08. The firm had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. As a group, analysts anticipate that Walmart Inc will post 4.75 EPS for the current fiscal year.

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

In related news, insider David Chojnowski sold 2,000 shares of the business’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,855,869 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the completion of the sale, the insider now directly owns 15,557,224 shares in the company, valued at approximately $1,548,877,221.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,240,978 shares of company stock worth $1,406,078,670. Insiders own 51.11% of the company’s stock.

A number of equities analysts recently commented on WMT shares. Bank of America set a $120.00 price target on Walmart and gave the stock a “buy” rating in a report on Wednesday, February 20th. Barclays reiterated a “buy” rating and set a $113.00 price target on shares of Walmart in a report on Wednesday, February 20th. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Tuesday, February 19th. BMO Capital Markets reiterated a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Thursday, February 21st. Finally, Citigroup raised their price objective on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $105.82.

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Walmart 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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