Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of Walmart Inc (NYSE:WMT) by 15.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,148 shares of the retailer’s stock after selling 5,845 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Walmart were worth $3,038,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in WMT. Lenox Wealth Management Inc. boosted its holdings in shares of Walmart by 1.0% during the fourth quarter. Lenox Wealth Management Inc. now owns 10,348 shares of the retailer’s stock worth $969,000 after purchasing an additional 104 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in shares of Walmart by 2.0% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 5,502 shares of the retailer’s stock worth $512,000 after buying an additional 106 shares during the period. Winch Advisory Services LLC raised its position in shares of Walmart by 45.1% in the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after buying an additional 107 shares during the period. Pegasus Asset Management Inc. raised its position in shares of Walmart by 1.1% in the 4th quarter. Pegasus Asset Management Inc. now owns 9,814 shares of the retailer’s stock worth $914,000 after buying an additional 107 shares during the period. Finally, New Capital Management LP raised its position in shares of Walmart by 18.0% in the 4th quarter. New Capital Management LP now owns 720 shares of the retailer’s stock worth $67,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 28.96% of the company’s stock.
NYSE:WMT opened at $99.54 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 stock has a market capitalization of $296.53 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 4.70 and a beta of 0.36.
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 paid 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 2.13%. Walmart’s dividend payout ratio is presently 43.18%.
WMT has been the topic of several research reports. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Buckingham Research initiated coverage on Walmart in a research report on Thursday, February 7th. They issued a “neutral” rating and a $96.73 target price on the stock. KeyCorp increased their target price on Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. Citigroup increased their target price on Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Finally, Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price on the stock in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $105.87.
In other news, EVP Jacqueline P. Canney sold 980 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $99.03, for a total transaction of $97,049.40. Following the completion of the sale, the executive vice president now directly owns 54,588 shares in the company, valued at $5,405,849.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Chojnowski sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. Insiders have sold 14,240,978 shares of company stock valued at $1,406,078,670 over the last 90 days. 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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