River Road Asset Management LLC Sells 19,475 Shares of Walmart Inc (WMT)
River Road Asset Management LLC trimmed its holdings in shares of Walmart Inc (NYSE:WMT) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 847,300 shares of the retailer’s stock after selling 19,475 shares during the quarter. Walmart comprises approximately 1.6% of River Road Asset Management LLC’s holdings, making the stock its 10th largest holding. River Road Asset Management LLC’s holdings in Walmart were worth $83,671,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Voya Investment Management LLC increased its holdings in shares of Walmart by 10.9% during the 2nd quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock valued at $225,760,000 after purchasing an additional 294,383 shares in the last quarter. Parkside Investments LLC purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $344,000. Numeric Investors LLC increased its holdings in shares of Walmart by 31.2% during the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after purchasing an additional 280,430 shares in the last quarter. Comerica Bank increased its holdings in shares of Walmart by 3.5% during the 3rd quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock valued at $50,070,000 after purchasing an additional 19,415 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new position in shares of Walmart during the 2nd quarter valued at approximately $25,916,000. Institutional investors and hedge funds own 29.99% of the company’s stock.
Several research firms have recently weighed in on WMT. Goldman Sachs set a $115.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Tuesday, January 16th. Barclays lifted their target price on shares of Walmart to $120.00 and gave the company an “overweight” rating in a 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 for the company in a report on Wednesday, February 21st. Oppenheimer set a $93.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Friday, March 2nd. Finally, Cowen set a $120.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Thursday, February 8th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $102.40.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $135.15 billion for the quarter, compared to analysts’ expectations of $133.63 billion. During the same period in the previous year, the company earned $1.30 EPS. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Walmart Inc will post 4.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, December 6th. Walmart’s payout ratio is 63.61%.
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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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