Walmart Inc (WMT) Position Lifted by Jolley Asset Management LLC

Jolley Asset Management LLC increased its position in Walmart Inc (NYSE:WMT) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 43,350 shares of the retailer’s stock after buying an additional 604 shares during the period. Walmart accounts for about 3.1% of Jolley Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Jolley Asset Management LLC’s holdings in Walmart were worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. Oregon Public Employees Retirement Fund raised its holdings 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 worth $156,000 after acquiring an additional 14,058,442 shares during the period. FMR LLC raised its holdings in Walmart by 14.6% in the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after acquiring an additional 3,058,978 shares during the period. Geode Capital Management LLC raised its holdings in Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the period. Acadian Asset Management LLC raised its holdings in Walmart by 493.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock worth $161,400,000 after acquiring an additional 1,440,922 shares during the period. Finally, Vanguard Group Inc raised its holdings in Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after acquiring an additional 1,110,593 shares during the period. Hedge funds and other institutional investors own 28.96% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Thursday. Bank of America set a $120.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Friday. Deutsche Bank lifted their target price on shares of Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. UBS Group lifted their target price on shares of Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Gordon Haskett upgraded shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 target price on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $107.13.

In related news, major shareholder Alice L. Walton sold 1,855,869 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $99.56, for a total value of $184,770,317.64. Following the sale, the insider now owns 15,557,224 shares of the company’s stock, valued at $1,548,877,221.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judith J. Mckenna sold 4,243 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $100.19, for a total transaction of $425,106.17. Following the completion of the sale, the executive vice president now directly owns 225,373 shares in the company, valued at approximately $22,580,120.87. The disclosure for this sale can be found here. In the last three months, insiders sold 14,255,221 shares of company stock worth $1,407,521,976. 51.11% of the stock is currently owned by insiders.

NYSE WMT opened at $100.86 on Friday. The stock has a market capitalization of $300.12 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 4.64 and a beta of 0.36. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $106.21. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.89.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. The business had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, research analysts anticipate that Walmart Inc will post 4.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%. Walmart’s payout ratio is currently 43.18%.

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Walmart Company 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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