Walmart Inc (WMT) Stake Lowered by Moloney Securities Asset Management LLC
Moloney Securities Asset Management LLC trimmed its position in shares of Walmart Inc (NYSE:WMT) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,071 shares of the retailer’s stock after selling 636 shares during the period. Moloney Securities Asset Management LLC’s holdings in Walmart were worth $994,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Voya Investment Management LLC raised its stake in Walmart by 10.9% in the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after buying an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. raised its stake in Walmart by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after buying an additional 200 shares in the last quarter. Parkside Investments LLC bought a new position in Walmart in the third quarter worth about $344,000. Numeric Investors LLC raised its stake in Walmart by 31.2% in the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after buying an additional 280,430 shares in the last quarter. Finally, Comerica Bank raised its stake in Walmart by 3.5% in the third quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock worth $50,070,000 after buying an additional 19,415 shares in the last quarter. 30.33% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Jim C. Walton sold 1,319,133 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $97.61, for a total value of $128,760,572.13. Following the sale, the insider now owns 11,057,224 shares in the company, valued at $1,079,295,634.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 545,504 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 4,345,065 shares in the company, valued at approximately $421,862,360.85. The disclosure for this sale can be found here. Insiders sold 1,866,702 shares of company stock worth $181,923,840 in the last 90 days. 51.39% of the stock is currently owned by corporate insiders.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $133.63 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Walmart Inc will post 4.92 EPS for the current year.
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 issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio is currently 63.75%.
A number of equities analysts recently issued reports on WMT shares. Citigroup raised shares of Walmart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. Goldman Sachs Group raised shares of Walmart from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Barclays increased their price target on shares of Walmart to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Wells Fargo & Co set a $101.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a report on Wednesday, December 27th. Finally, Wolfe Research upgraded shares of Walmart from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $102.40.
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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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