Ironwood Financial llc raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 31.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,316 shares of the retailer’s stock after buying an additional 802 shares during the quarter. Ironwood Financial llc’s holdings in Walmart were worth $450,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Greenhouse Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth $26,000. Black Swift Group LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $26,000. Albion Financial Group UT purchased a new stake in shares of Walmart in the fourth quarter valued at about $27,000. ShoreHaven Wealth Partners LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $29,000. Finally, Perennial Advisors LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $32,000. 29.34% of the stock is owned by institutional investors and hedge funds.
NYSE:WMT traded down $1.33 during mid-day trading on Tuesday, hitting $140.79. The stock had a trading volume of 145,779 shares, compared to its average volume of 8,964,563. The stock has a 50-day simple moving average of $137.10 and a two-hundred day simple moving average of $142.03. The company has a market capitalization of $396.25 billion, a PE ratio of 22.67, a PEG ratio of 4.86 and a beta of 0.27. Walmart Inc. has a twelve month low of $117.01 and a twelve month high of $153.66. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Investors of record on Friday, December 10th will be issued a $0.55 dividend. The ex-dividend date is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.56%. Walmart’s dividend payout ratio (DPR) is 44.62%.
Walmart declared that its Board of Directors has initiated a share repurchase program on Thursday, February 18th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
WMT has been the subject of a number of analyst reports. Royal Bank of Canada set a $162.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Friday, February 19th. MKM Partners dropped their price objective on shares of Walmart from $154.00 to $141.00 in a report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walmart from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, February 19th. FIX lowered shares of Walmart from a “hold” rating to a “sell” rating and dropped their price objective for the company from $157.00 to $131.00 in a report on Monday, January 25th. Finally, Credit Suisse Group set a $150.00 target price on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, February 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Walmart currently has an average rating of “Buy” and an average price target of $154.63.
In related news, Director Randall L. Stephenson purchased 7,725 shares of the company’s stock in a transaction on Monday, March 8th. The shares were bought at an average cost of $129.63 per share, for a total transaction of $1,001,391.75. Following the completion of the purchase, the director now directly owns 8,308 shares of the company’s stock, valued at approximately $1,076,966.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 289,560 shares of the firm’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $131.86, for a total transaction of $38,181,381.60. Following the transaction, the director now owns 3,215,991 shares in the company, valued at $424,060,573.26. The disclosure for this sale can be found here. Insiders sold 2,009,708 shares of company stock worth $264,285,412 over the last quarter. 50.43% of the stock is currently owned by insiders.
Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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