Walmart Inc (WMT) Stake Increased by Gradient Investments LLC

Gradient Investments LLC raised its position in shares of Walmart Inc (NYSE:WMT) by 53.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,648 shares of the retailer’s stock after acquiring an additional 1,627 shares during the period. Gradient Investments LLC’s holdings in Walmart were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Oregon Public Employees Retirement Fund increased its holdings in shares of Walmart by 2,899.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after buying an additional 14,058,442 shares in the last quarter. FMR LLC increased its holdings in shares of Walmart by 14.6% in the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after purchasing an additional 3,058,978 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after purchasing an additional 1,532,362 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Walmart by 493.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock valued at $161,400,000 after purchasing an additional 1,440,922 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after purchasing an additional 1,110,593 shares in the last quarter. 28.96% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on WMT. Zacks Investment Research lowered shares of Walmart from a “hold” rating to a “sell” rating in a report on Monday, April 29th. BMO Capital Markets reissued a “buy” rating and issued a $115.00 price target on shares of Walmart in a report on Thursday, February 21st. Buckingham Research began coverage on shares of Walmart in a report on Thursday, February 7th. They issued a “neutral” rating and a $96.73 price target for the company. Evercore ISI began coverage on shares of Walmart in a report on Wednesday, March 20th. They issued an “in-line” rating and a $95.00 price target for the company. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $108.00 price target on shares of Walmart in a report on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $105.87.

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

WMT opened at $101.91 on Monday. The firm has a market capitalization of $294.88 billion, a P/E ratio of 20.76, a P/E/G ratio of 4.58 and a beta of 0.36. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $106.21. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, beating the consensus estimate of $1.33 by $0.08. The business 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 firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. As a group, equities analysts forecast that Walmart Inc will post 4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be given a $0.53 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.12 annualized dividend and a yield of 2.08%. Walmart’s dividend payout ratio is currently 43.18%.

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About Walmart

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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