BRYN MAWR TRUST Co cut its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,825 shares of the retailer’s stock after selling 1,142 shares during the period. BRYN MAWR TRUST Co’s holdings in Walmart were worth $2,579,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Lumature Wealth Partners LLC boosted its position in shares of Walmart by 5.0% during the fourth quarter. Lumature Wealth Partners LLC now owns 9,236 shares of the retailer’s stock worth $1,336,000 after buying an additional 437 shares during the period. Cutter & CO Brokerage Inc. raised its holdings in Walmart by 3.7% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 2,784 shares of the retailer’s stock worth $403,000 after purchasing an additional 100 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in Walmart in the fourth quarter worth approximately $3,744,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in Walmart in the fourth quarter worth approximately $107,000. Finally, Pictet Asset Management SA lifted its position in Walmart by 2.5% in the fourth quarter. Pictet Asset Management SA now owns 1,014,202 shares of the retailer’s stock worth $146,745,000 after purchasing an additional 24,383 shares during the period. Institutional investors and hedge funds own 30.79% of the company’s stock.
Walmart stock traded up $0.57 during mid-day trading on Friday, hitting $148.05. 6,646,300 shares of the company’s stock were exchanged, compared to its average volume of 6,659,461. The company has a current ratio of 0.93, a quick ratio of 0.28 and a debt-to-equity ratio of 0.43. The stock has a market cap of $407.55 billion, a P/E ratio of 30.34, a P/E/G ratio of 3.97 and a beta of 0.49. Walmart Inc. has a 1-year low of $132.01 and a 1-year high of $160.77. The stock has a 50 day moving average of $150.28 and a two-hundred day moving average of $144.69.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 8th. Walmart’s payout ratio is 45.90%.
In other news, major shareholder Alice L. Walton sold 1,167,433 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $136.20, for a total value of $159,004,374.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $154.41, for a total value of $1,499,012.28. Following the completion of the sale, the chief executive officer now directly owns 1,536,571 shares in the company, valued at $237,261,928.11. The disclosure for this sale can be found here. Insiders have sold 1,426,790 shares of company stock worth $195,406,267 over the last three months. Company insiders own 48.44% of the company’s stock.
A number of research firms have weighed in on WMT. BNP Paribas upgraded Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 target price for the company in a research report on Friday, February 11th. Cowen cut their price objective on Walmart from $175.00 to $165.00 in a research report on Monday, February 14th. Raymond James cut their price objective on Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, February 22nd. Morgan Stanley cut their price objective on Walmart from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, February 22nd. Finally, UBS Group set a $180.00 price objective on Walmart in a research report on Tuesday, February 8th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus price target of $167.25.
Walmart Profile (Get Rating)
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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