South Texas Money Management Ltd. Grows Position in Walmart Inc (WMT)

South Texas Money Management Ltd. increased its stake in Walmart Inc (NYSE:WMT) by 6.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 276,545 shares of the retailer’s stock after acquiring an additional 16,973 shares during the period. South Texas Money Management Ltd.’s holdings in Walmart were worth $26,972,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sargent Investment Group LLC purchased a new stake in Walmart in the fourth quarter worth about $1,714,000. Archford Capital Strategies LLC grew its holdings in Walmart by 7.4% in the fourth quarter. Archford Capital Strategies LLC now owns 43,008 shares of the retailer’s stock worth $4,006,000 after purchasing an additional 2,954 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Walmart by 6.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 445,340 shares of the retailer’s stock valued at $41,483,000 after buying an additional 27,729 shares during the last quarter. Weather Gauge Advisory LLC purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $339,000. Finally, Laurel Wealth Advisors LLC bought a new position in Walmart during the fourth quarter valued at approximately $3,669,000. 28.96% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on WMT shares. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday. Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Citigroup increased their price target on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target (up from $113.00) on shares of Walmart in a research report on Wednesday, February 20th. Finally, Morgan Stanley upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $107.00 to $110.00 in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $107.13.

In related news, insider John R. Furner sold 10,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $101.82, for a total transaction of $1,018,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 1,139,696 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.72, for a total transaction of $113,650,485.12. The disclosure for this sale can be found here. Insiders have sold 14,255,221 shares of company stock valued at $1,407,521,976 over the last ninety days. 51.11% of the stock is currently owned by corporate insiders.

Shares of WMT stock opened at $100.68 on Monday. The firm has a market cap of $298.79 billion, a PE ratio of 20.51, a PEG ratio of 4.62 and a beta of 0.36. Walmart Inc has a one year low of $81.78 and a one year high of $106.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.23 and a current ratio of 0.77.

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 Thomson Reuters’ consensus estimate of $1.02 by $0.11. The company had revenue of $122.95 billion during 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%. Walmart’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $1.14 earnings per share. On average, equities analysts forecast that Walmart Inc will post 4.79 EPS for the current fiscal year.

The business 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 dividend of $0.53 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.12 annualized dividend and a yield of 2.11%. Walmart’s payout ratio is 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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