Wellington Shields & Co. LLC raised its holdings in Walmart Inc (NYSE:WMT) by 91.8% during the 4th quarter, HoldingsChannel reports. The fund owned 7,105 shares of the retailer’s stock after acquiring an additional 3,400 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Walmart were worth $702,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Lenox Wealth Advisors Inc. raised its holdings in shares of Walmart by 13,287.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after buying an additional 1,063 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of 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 buying an additional 1,252 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Walmart during the 4th quarter valued at about $127,000. Almanack Investment Partners LLC. purchased a new position in shares of Walmart during the 2nd quarter valued at about $149,000. Finally, Cable Hill Partners LLC raised its holdings in shares of 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 buying an additional 2,123 shares in the last quarter. 29.99% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Walmart stock opened at $88.18 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.76. Walmart Inc has a 1 year low of $69.33 and a 1 year high of $109.98. The firm has a market capitalization of $259,060.30, a P/E ratio of 26.97, a P/E/G ratio of 3.18 and a beta of 0.57.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $135.15 billion for the quarter, compared to the consensus estimate of $133.63 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts predict that Walmart Inc will post 4.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a dividend yield of 2.36%. Walmart’s dividend payout ratio is presently 63.61%.

A number of equities analysts recently weighed in on the company. Goldman Sachs set a $115.00 price objective on Walmart and gave the company a “neutral” rating in a report on Tuesday, January 16th. Barclays lifted their price target on Walmart to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Wednesday, February 21st. Oppenheimer set a $93.00 price target on Walmart and gave the stock a “neutral” rating in a research note on Friday, March 2nd. Finally, Cowen set a $120.00 price target on Walmart and gave the stock a “buy” rating in a research note on Thursday, February 8th. Nineteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $102.40.

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Walmart Company Profile

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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