Berman Capital Advisors LLC Has $209,000 Holdings in Walmart Inc (WMT)
Berman Capital Advisors LLC raised its holdings in Walmart Inc (NYSE:WMT) by 33.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,250 shares of the retailer’s stock after acquiring an additional 562 shares during the period. Berman Capital Advisors LLC’s holdings in Walmart were worth $209,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of WMT. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $26,000. Ironwood Financial llc purchased a new stake in shares of Walmart during the 4th quarter valued at $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $28,000. Winch Advisory Services LLC grew its stake in shares of Walmart by 45.1% during the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after buying an additional 107 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $41,000. Institutional investors own 28.92% of the company’s stock.
A number of analysts recently weighed in on WMT shares. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday, December 20th. Morgan Stanley raised shares of Walmart from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $107.00 to $110.00 in a research report on Wednesday, January 23rd. Tigress Financial reaffirmed a “hold” rating on shares of Walmart in a research report on Tuesday, January 29th. Buckingham Research started coverage on shares of Walmart in a research report on Thursday, February 7th. They set a “neutral” rating and a $96.73 price target for the company. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a research report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have issued a buy rating to the company. Walmart has an average rating of “Hold” and a consensus target price of $105.82.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.08. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The firm had revenue of $137.74 billion for the quarter, compared to analyst estimates of $137.63 billion. During the same quarter in the previous year, the business posted $1.33 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc will post 4.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be issued 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 2.13%. Walmart’s dividend payout ratio is currently 43.18%.
In other news, Director S Robson Walton sold 1,139,696 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $99.72, for a total value of $113,650,485.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John R. Furner sold 10,427 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total transaction of $1,061,572.87. The disclosure for this sale can be found here. Insiders sold a total of 14,240,978 shares of company stock worth $1,406,078,670 in the last quarter. 51.11% of the stock is currently owned by company insiders.
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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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