MML Investors Services LLC increased its holdings in shares of Walmart Inc (NYSE:WMT) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,283 shares of the retailer’s stock after purchasing an additional 6,295 shares during the quarter. MML Investors Services LLC’s holdings in Walmart were worth $5,262,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Amundi Pioneer Asset Management Inc. boosted its position in Walmart by 955.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,668,539 shares of the retailer’s stock worth $461,019,000 after acquiring an additional 4,226,117 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in Walmart by 1.4% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 40,365 shares of the retailer’s stock worth $3,986,000 after acquiring an additional 539 shares during the last quarter. Alliancebernstein L.P. boosted its position in Walmart by 5.0% during the 4th quarter. Alliancebernstein L.P. now owns 6,924,844 shares of the retailer’s stock worth $683,828,000 after acquiring an additional 332,149 shares during the last quarter. Delpha Capital Management LLC acquired a new position in Walmart during the 4th quarter worth approximately $215,000. Finally, Bowen Hanes & Co. Inc. acquired a new position in Walmart during the 4th quarter worth approximately $23,129,000. 30.00% of the stock is owned by institutional investors and hedge funds.
Shares of Walmart stock opened at $87.57 on Thursday. Walmart Inc has a 1 year low of $73.13 and a 1 year high of $109.98. The firm has a market cap of $257,253.25, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 3.16 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.04). Walmart had a net margin of 1.97% and a return on equity of 16.85%. The business had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. During the same period in the prior year, the business earned $1.30 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Walmart Inc will post 4.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio is 47.06%.
A number of equities analysts have weighed in on the company. Wells Fargo set a $101.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $99.00 price target (down previously from $104.00) on shares of Walmart in a research report on Wednesday, February 21st. JPMorgan Chase reaffirmed a “neutral” rating and set a $98.00 price target (down previously from $103.00) on shares of Walmart in a research report on Wednesday, February 21st. Goldman Sachs reaffirmed a “buy” rating and set a $99.00 price target on shares of Walmart in a research report on Monday. Finally, Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Twenty research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $101.77.
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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