Levy Harkins & Co. Inc. Has $13.22 Million Position in Walmart Inc (WMT)
Levy Harkins & Co. Inc. lessened its stake in Walmart Inc (NYSE:WMT) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,820 shares of the retailer’s stock after selling 5,945 shares during the quarter. Walmart makes up approximately 4.1% of Levy Harkins & Co. Inc.’s portfolio, making the stock its 10th biggest holding. Levy Harkins & Co. Inc.’s holdings in Walmart were worth $13,215,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its holdings in Walmart by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the period. Cerebellum GP LLC bought a new stake in Walmart during the 4th quarter valued at $127,000. Hudock Capital Group LLC raised its holdings in Walmart by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the period. Almanack Investment Partners LLC. bought a new stake in Walmart during the 2nd quarter valued at $149,000. Finally, Cable Hill Partners LLC raised its holdings in Walmart by 8,165.4% during the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after acquiring an additional 2,123 shares during the period. 30.33% of the stock is currently owned by institutional investors.
Walmart Inc (NYSE WMT) opened at $88.77 on Friday. Walmart Inc has a 1 year low of $69.33 and a 1 year high of $109.98. The stock has a market cap of $262,970.00, a price-to-earnings ratio of 27.74, a P/E/G ratio of 3.18 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.34%. Walmart’s dividend payout ratio (DPR) is presently 63.75%.
In related news, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the transaction, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 545,504 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $97.09, for a total transaction of $52,962,983.36. Following the completion of the transaction, the director now owns 4,345,065 shares of the company’s stock, valued at $421,862,360.85. The disclosure for this sale can be found here. Insiders sold 1,866,702 shares of company stock valued at $181,923,840 over the last quarter. 51.39% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on the stock. Goldman Sachs Group cut shares of Walmart from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday, November 20th. They noted that the move was a valuation call. Barclays boosted their target price on shares of Walmart to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Wednesday, February 21st. Oppenheimer set a $93.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Friday. Finally, Vetr cut shares of Walmart from a “hold” rating to a “sell” rating and set a $91.97 target price on the stock. in a report on Friday, November 17th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.40.
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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