Walmart Inc (WMT) Shares Bought by Lido Advisors LLC
Lido Advisors LLC raised its stake in Walmart Inc (NYSE:WMT) by 25.4% in the 4th quarter, HoldingsChannel reports. The firm owned 4,941 shares of the retailer’s stock after acquiring an additional 1,000 shares during the quarter. Lido Advisors LLC’s holdings in Walmart were worth $462,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Walmart by 0.9% during the third quarter. Vanguard Group Inc. now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after buying an additional 1,110,593 shares in the last quarter. Geode Capital Management LLC increased its holdings in Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the period. Northern Trust Corp increased its holdings in Walmart by 1.8% during the 4th quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock worth $1,639,326,000 after acquiring an additional 310,609 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Walmart by 2,899.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after acquiring an additional 14,058,442 shares during the period. 28.92% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on WMT shares. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, December 20th. Morgan Stanley raised shares of Walmart from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $107.00 to $110.00 in a report on Wednesday, January 23rd. Tigress Financial reaffirmed a “hold” rating on shares of Walmart in a report on Tuesday, January 29th. Buckingham Research started coverage on shares of Walmart in a report on Thursday, February 7th. They set a “neutral” rating and a $96.73 target price on the stock. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $105.82.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.08. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company had revenue of $137.74 billion during the quarter, compared to analysts’ expectations of $137.63 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc will post 4.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.07%. Walmart’s dividend payout ratio (DPR) is 43.18%.
In other news, EVP Jacqueline P. Canney sold 980 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total value of $97,049.40. Following the completion of the sale, the executive vice president now owns 54,588 shares of the company’s stock, valued at approximately $5,405,849.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 1,139,696 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.72, for a total transaction of $113,650,485.12. The disclosure for this sale can be found here. Insiders sold a total of 14,240,978 shares of company stock valued at $1,406,078,670 in the last ninety days. 51.11% of the stock is owned by corporate insiders.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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