Hilltop Holdings Inc. increased its holdings in shares of Walmart Inc (NYSE:WMT) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,035 shares of the retailer’s stock after purchasing an additional 888 shares during the quarter. Hilltop Holdings Inc.’s holdings in Walmart were worth $655,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of WMT. Vanguard Group Inc. grew its position in Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares in the last quarter. Vanguard Group Inc grew its position in Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares in the last quarter. Geode Capital Management LLC grew its position in Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares in the last quarter. Northern Trust Corp grew its position in Walmart by 1.8% in the 4th quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock valued at $1,639,326,000 after acquiring an additional 310,609 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Walmart by 2,899.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after acquiring an additional 14,058,442 shares in the last quarter. 28.96% of the stock is owned by hedge funds and other institutional investors.
WMT stock traded up $2.37 during trading on Friday, hitting $101.91. 8,535,878 shares of the company’s stock were exchanged, compared to its average volume of 4,947,173. The stock has a market cap of $294.88 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 4.58 and a beta of 0.36. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $106.21. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, May 9th. Walmart’s dividend payout ratio is presently 43.18%.
In other news, Director S Robson Walton sold 1,139,696 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $99.72, for a total value of $113,650,485.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 1,855,869 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $99.56, for a total value of $184,770,317.64. Following the transaction, the insider now owns 15,557,224 shares in the company, valued at $1,548,877,221.44. The disclosure for this sale can be found here. Insiders have sold 14,240,978 shares of company stock worth $1,406,078,670 in the last ninety days. 51.11% of the stock is currently owned by corporate insiders.
WMT has been the subject of several recent research reports. Wolfe Research cut Walmart from a “peer perform” rating to an “underperform” rating in a research note on Wednesday. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price objective for the company in a research note on Thursday, May 2nd. Zacks Investment Research cut Walmart from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Citigroup decreased their price objective on Walmart from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Finally, Evercore ISI initiated coverage on Walmart in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $95.00 price objective for the company. They noted that the move was a valuation call. Three 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 company’s stock. Walmart presently has a consensus rating of “Hold” and an average target price of $105.87.
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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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