Greystone Managed Investments Inc. lifted its position in Walmart (NYSE:WMT) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,208 shares of the retailer’s stock after purchasing an additional 911 shares during the period. Greystone Managed Investments Inc.’s holdings in Walmart were worth $10,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. Manning & Napier Group LLC raised its holdings in shares of Walmart by 25.9% in the 1st quarter. Manning & Napier Group LLC now owns 452,327 shares of the retailer’s stock valued at $40,242,000 after purchasing an additional 92,910 shares in the last quarter. Cedar Hill Associates LLC grew its position in Walmart by 11.2% during the 1st quarter. Cedar Hill Associates LLC now owns 9,323 shares of the retailer’s stock worth $829,000 after purchasing an additional 940 shares during the last quarter. Putnam FL Investment Management Co. lifted its stake in Walmart by 38.1% during the 1st quarter. Putnam FL Investment Management Co. now owns 30,502 shares of the retailer’s stock valued at $2,714,000 after acquiring an additional 8,421 shares during the period. Marco Investment Management LLC lifted its stake in Walmart by 1.6% during the 1st quarter. Marco Investment Management LLC now owns 61,013 shares of the retailer’s stock valued at $5,428,000 after acquiring an additional 966 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its stake in Walmart by 6.5% during the 1st quarter. Berkshire Asset Management LLC PA now owns 171,296 shares of the retailer’s stock valued at $15,240,000 after acquiring an additional 10,434 shares during the period. 30.00% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on WMT shares. Goldman Sachs raised shares of Walmart from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Macquarie set a $85.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. JPMorgan Chase reissued a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Barclays raised their target price on shares of Walmart to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Nineteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Walmart presently has an average rating of “Buy” and a consensus target price of $96.56.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Walmart had a return on equity of 16.85% and a net margin of 1.97%. The company had revenue of $122.69 billion during the quarter, compared to analysts’ expectations of $119.29 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts anticipate that Walmart will post 4.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.48%. Walmart’s dividend payout ratio is currently 47.06%.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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