Community Trust & Investment Co. lowered its stake in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 17.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,152 shares of the retailer’s stock after selling 28,541 shares during the quarter. Walmart comprises 1.7% of Community Trust & Investment Co.’s portfolio, making the stock its 19th largest holding. Community Trust & Investment Co.’s holdings in Walmart were worth $18,596,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in WMT. AMI Investment Management Inc. boosted its position in shares of Walmart by 1.6% in the first quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock valued at $1,231,000 after acquiring an additional 132 shares during the period. Zions Bancorporation N.A. boosted its position in shares of Walmart by 36.8% in the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock valued at $718,000 after acquiring an additional 1,296 shares during the period. Covestor Ltd boosted its position in shares of Walmart by 31.7% in the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock valued at $173,000 after acquiring an additional 280 shares during the period. Ergoteles LLC boosted its position in shares of Walmart by 123.9% in the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock valued at $1,573,000 after acquiring an additional 5,847 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Walmart by 1.7% in the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock valued at $127,749,000 after acquiring an additional 13,985 shares during the period. Institutional investors own 31.27% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Walmart in a research report on Tuesday, December 6th. They issued a “market perform” rating and a $159.00 price objective for the company. Roth Capital reissued a “buy” rating on shares of Walmart in a research report on Tuesday, February 14th. UBS Group set a $168.00 target price on Walmart in a research note on Wednesday, February 22nd. Tigress Financial upgraded Walmart from a “neutral” rating to a “buy” rating and upped their target price for the company from $170.00 to $176.00 in a research note on Thursday, January 26th. Finally, Credit Suisse Group set a $170.00 target price on Walmart and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $162.44.
Insider Transactions at Walmart
Walmart Price Performance
Shares of WMT stock opened at $139.40 on Friday. The stock’s fifty day moving average is $142.27 and its 200-day moving average is $141.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.82. The stock has a market capitalization of $375.93 billion, a PE ratio of 32.57, a PEG ratio of 4.13 and a beta of 0.48. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77.
Walmart (NYSE:WMT – Get Rating) last announced its earnings results on Tuesday, February 21st. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.51 by $0.20. The company had revenue of $164.05 billion for the quarter, compared to analysts’ expectations of $158.67 billion. Walmart had a return on equity of 20.45% and a net margin of 1.91%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. Equities research analysts expect that Walmart Inc. will post 6.08 EPS for the current fiscal year.
Walmart Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, December 7th. Walmart’s payout ratio is presently 53.27%.
Walmart Company Profile
Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
- Get a free copy of the StockNews.com research report on Walmart (WMT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Get Rating).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.