American Century Companies Inc. reduced its stake in shares of Walmart Inc (NYSE:WMT) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,248,331 shares of the retailer’s stock after selling 713,128 shares during the quarter. American Century Companies Inc. owned about 0.11% of Walmart worth $302,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Clarfeld Financial Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at $25,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $26,000. Ironwood Financial llc purchased a new position in shares of Walmart in the fourth quarter valued at $26,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Walmart in the fourth quarter valued at $28,000. Finally, Winch Advisory Services LLC grew its holdings in shares of Walmart by 45.1% in the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after purchasing an additional 107 shares in the last quarter. 28.97% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:WMT traded up $0.93 on Friday, hitting $102.08. 5,316,486 shares of the company’s stock were exchanged, compared to its average volume of 6,999,492. 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 $302.40 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 4.73 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.08%. Walmart’s dividend payout ratio (DPR) is 43.18%.
A number of research analysts recently weighed in on WMT shares. Zacks Investment Research lowered shares of Walmart from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Citigroup raised their target price on shares of Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price (up from $113.00) on shares of Walmart in a report on Wednesday, February 20th. Morgan Stanley upgraded Walmart from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $107.00 to $110.00 in a research report on Wednesday, January 23rd. Finally, KeyCorp raised their price target on Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $105.87.
In related news, insider David Chojnowski sold 2,000 shares of Walmart stock in a transaction dated Friday, March 29th. The stock was 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 is available through this hyperlink. Also, EVP Jacqueline P. Canney sold 980 shares of Walmart stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total value of $97,049.40. Following the completion of the sale, the executive vice president now owns 54,588 shares of the company’s stock, valued at $5,405,849.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,240,978 shares of company stock valued at $1,406,078,670. Corporate insiders own 51.11% of the company’s stock.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
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