Sound Shore Management Inc. CT decreased its position in shares of Walmart Inc (NYSE:WMT) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,599,278 shares of the retailer’s stock after selling 309,657 shares during the quarter. Sound Shore Management Inc. CT owned approximately 0.05% of Walmart worth $142,288,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. acquired a new position in Walmart in the fourth quarter valued at about $105,000. Lenox Wealth Advisors Inc. lifted its position in Walmart by 13,287.5% in the fourth 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 during the last quarter. Hanseatic Management Services Inc. lifted its position in Walmart by 106.0% in the first quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after buying an additional 618 shares during the last quarter. We Are One Seven LLC acquired a new position in Walmart in the fourth quarter valued at about $123,000. Finally, Cerebellum GP LLC acquired a new position in Walmart in the fourth quarter valued at about $127,000. 29.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Walmart opened at $84.51 on Tuesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.20. Walmart Inc has a 1-year low of $73.13 and a 1-year high of $109.98. The firm has a market cap of $247.77 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.91 and a beta of 0.54.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The firm had revenue of $122.69 billion during the quarter, compared to the consensus estimate of $119.29 billion. During the same period last year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. sell-side analysts predict that Walmart Inc will post 4.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio is presently 47.06%.
A number of research firms have commented on WMT. Barclays upped their target price on shares of Walmart to $120.00 and gave the company an “overweight” rating in a research 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 research report on Wednesday, February 21st. Royal Bank of Canada set a $88.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday, May 17th. Oppenheimer set a $93.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research note on Friday, March 2nd. Finally, Morningstar set a $91.00 price target on shares of Walmart and gave the stock a “buy” rating in a research note on Thursday, May 10th. Nineteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Walmart presently has an average rating of “Buy” and a consensus target price of $96.56.
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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