Walmart Inc (WMT) Shares Sold by Guinness Asset Management Ltd
Guinness Asset Management Ltd cut its position in Walmart Inc (NYSE:WMT) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,110 shares of the retailer’s stock after selling 23,900 shares during the quarter. Walmart comprises 2.8% of Guinness Asset Management Ltd’s investment portfolio, making the stock its 6th biggest position. Guinness Asset Management Ltd’s holdings in Walmart were worth $13,243,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Walmart by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Walmart by 43.5% in the 4th quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock worth $859,814,000 after buying an additional 2,637,516 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Walmart by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock worth $434,819,000 after buying an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Walmart by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after buying an additional 1,689,364 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of Walmart by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock worth $200,294,000 after buying an additional 1,324,722 shares during the last quarter. Institutional investors and hedge funds own 30.33% of the company’s stock.
A number of brokerages have recently commented on WMT. Telsey Advisory Group decreased their price target on shares of Walmart from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 17th. Royal Bank of Canada increased their price target on shares of Walmart from $83.00 to $92.00 and gave the stock an “underperform” rating in a report on Friday, November 17th. Moffett Nathanson began coverage on shares of Walmart in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Wells Fargo & Co set a $101.00 price target on shares of Walmart and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $99.00 price target (down previously from $104.00) on shares of Walmart in a report on Wednesday, February 21st. 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. Walmart currently has an average rating of “Buy” and a consensus target price of $102.40.
Shares of Walmart Inc (NYSE:WMT) opened at $88.77 on Monday. The stock has a market cap of $262,970.00, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57. Walmart Inc has a twelve month low of $69.33 and a twelve month high of $109.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The firm had revenue of $135.15 billion during the quarter, compared to the consensus estimate of $133.63 billion. Walmart had a return on equity of 16.85% and a net margin of 1.97%. Walmart’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. equities analysts expect that Walmart Inc will post 4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is presently 63.75%.
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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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