Walmart (WMT) Shares Sold by Bank of Hawaii
Bank of Hawaii decreased its position in Walmart (NYSE:WMT) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,194 shares of the retailer’s stock after selling 1,548 shares during the quarter. Bank of Hawaii’s holdings in Walmart were worth $3,398,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in WMT. Conning Inc. raised its position in shares of Walmart by 15.2% during the first quarter. Conning Inc. now owns 466,883 shares of the retailer’s stock worth $41,539,000 after purchasing an additional 61,687 shares during the period. Jacobi Capital Management LLC raised its position in shares of Walmart by 5.3% during the first quarter. Jacobi Capital Management LLC now owns 41,263 shares of the retailer’s stock worth $3,530,000 after purchasing an additional 2,071 shares during the period. American Century Companies Inc. raised its position in shares of Walmart by 5.3% during the first quarter. American Century Companies Inc. now owns 5,583,550 shares of the retailer’s stock worth $496,768,000 after purchasing an additional 283,247 shares during the period. Zions Bancorporation acquired a new stake in shares of Walmart during the first quarter worth $790,000. Finally, Meeder Asset Management Inc. raised its position in shares of Walmart by 4.6% during the first quarter. Meeder Asset Management Inc. now owns 74,315 shares of the retailer’s stock worth $6,612,000 after purchasing an additional 3,291 shares during the period. Institutional investors and hedge funds own 30.00% of the company’s stock.
A number of equities research analysts have recently issued reports on WMT shares. BMO Capital Markets set a $96.00 target price on Walmart and gave the stock a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Jefferies Group reaffirmed a “buy” rating and set a $119.00 target price on shares of Walmart in a research report on Friday, February 16th. Vetr raised Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 target price on the stock in a research report on Tuesday, February 20th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and set a $98.00 target price on shares of Walmart in a research report on Monday, April 30th. Eighteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $98.71.
Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). Walmart had a return on equity of 16.85% and a net margin of 1.97%. The firm had revenue of $135.15 billion during the quarter, compared to analyst estimates of $133.63 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts expect that Walmart will post 4.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s payout ratio is currently 47.06%.
Walmart Company 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.
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