ETRADE Capital Management LLC reduced its position in Walmart Inc (NYSE:WMT) by 44.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,541 shares of the retailer’s stock after selling 2,812 shares during the quarter. ETRADE Capital Management LLC’s holdings in Walmart were worth $330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Weather Gauge Advisory LLC purchased a new stake in Walmart during the 4th quarter valued at about $339,000. IMS Capital Management boosted its holdings in Walmart by 7.7% during the 3rd quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock valued at $1,556,000 after acquiring an additional 1,188 shares during the period. Point72 Asset Management L.P. purchased a new stake in Walmart during the 3rd quarter valued at about $39,376,000. Bath Savings Trust Co boosted its holdings in Walmart by 3.8% during the 4th quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock valued at $302,000 after acquiring an additional 118 shares during the period. Finally, Legacy Capital Partners Inc. boosted its holdings in Walmart by 11.3% during the 4th quarter. Legacy Capital Partners Inc. now owns 10,057 shares of the retailer’s stock valued at $937,000 after acquiring an additional 1,017 shares during the period. Hedge funds and other institutional investors own 28.92% of the company’s stock.

In other news, major shareholder Alice L. Walton sold 1,855,869 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $99.56, for a total value of $184,770,317.64. Following the completion of the transaction, the insider now owns 15,557,224 shares of the company’s stock, valued at approximately $1,548,877,221.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 734,950 shares of the stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $92.48, for a total value of $67,968,176.00. Following the completion of the transaction, the insider now directly owns 7,183,580 shares of the company’s stock, valued at approximately $664,337,478.40. The disclosure for this sale can be found here. Insiders sold a total of 14,228,782 shares of company stock valued at $1,397,511,322 in the last three months. Corporate insiders own 51.11% of the company’s stock.

Several brokerages recently weighed in on WMT. Evercore ISI began coverage on Walmart in a report on Wednesday, March 20th. They set an “in-line” rating and a $95.00 target price for the company. They noted that the move was a valuation call. Daiwa Capital Markets set a $104.00 target price on Walmart and gave the company a “hold” rating in a report on Friday, February 22nd. Citigroup increased their target price on Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 21st. BMO Capital Markets restated a “buy” rating and set a $115.00 target price on shares of Walmart in a report on Thursday, February 21st. Finally, Bank of America set a $120.00 target price on Walmart and gave the company a “buy” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $105.96.

NYSE WMT opened at $97.21 on Thursday. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $106.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market capitalization of $290.82 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.52 and a beta of 0.34.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The business had revenue of $137.74 billion during the quarter, compared to analysts’ expectations of $137.63 billion. During the same quarter last year, the business posted $1.33 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Walmart Inc will post 4.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 9th. Walmart’s dividend payout ratio is currently 43.18%.

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Walmart 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.

Further Reading: Market Capitalization

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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