Walmart Inc (WMT) Holdings Lowered by Highstreet Asset Management Inc.
Highstreet Asset Management Inc. trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,707 shares of the retailer’s stock after selling 4,153 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Walmart were worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Ipswich Investment Management Co. Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $26,000. Ironwood Financial llc acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $28,000. Winch Advisory Services LLC raised its holdings in shares of Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after acquiring an additional 107 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $41,000. Institutional investors own 28.92% of the company’s stock.
A number of brokerages recently commented on WMT. DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a research report on Tuesday, February 19th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Walmart in a research report on Tuesday, February 19th. Barclays reaffirmed a “buy” rating and set a $113.00 price objective on shares of Walmart in a research report on Wednesday, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $108.00 price objective on shares of Walmart in a research report on Wednesday, February 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective (up from $113.00) on shares of Walmart in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have issued a buy rating to the company. Walmart presently has a consensus rating of “Hold” and an average target price of $105.96.
WMT stock opened at $98.32 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $290.82 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 4.52 and a beta of 0.34. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $106.21.
Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.08. The company had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. On average, equities research analysts predict 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. Stockholders of record on Friday, May 10th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, May 9th. Walmart’s payout ratio is 43.18%.
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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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