Telemus Capital LLC Has $2.68 Million Holdings in Walmart Inc. (NYSE:WMT)

Telemus Capital LLC cut its position in Walmart Inc. (NYSE:WMT – Get Rating) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,246 shares of the retailer’s stock after selling 784 shares during the quarter. Telemus Capital LLC’s holdings in Walmart were worth $2,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Walmart by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock worth $16,883,890,000 after purchasing an additional 1,832,388 shares during the last quarter. BlackRock Inc. grew its position in Walmart by 2.9% in the 3rd quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock worth $12,525,224,000 after purchasing an additional 2,712,886 shares during the last quarter. State Street Corp grew its position in Walmart by 1.2% in the 3rd quarter. State Street Corp now owns 60,659,193 shares of the retailer’s stock worth $7,867,497,000 after purchasing an additional 701,415 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Walmart by 7.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 23,919,371 shares of the retailer’s stock worth $2,908,117,000 after purchasing an additional 1,685,320 shares during the last quarter. Finally, FMR LLC grew its position in Walmart by 5.1% in the 2nd quarter. FMR LLC now owns 13,747,082 shares of the retailer’s stock worth $1,671,369,000 after purchasing an additional 667,747 shares during the last quarter. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Walmart from $161.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Sanford C. Bernstein started coverage on shares of Walmart in a report on Tuesday, December 6th. They set a “market perform” rating and a $159.00 price objective for the company. Tigress Financial raised shares of Walmart from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $176.00 in a report on Thursday, January 26th. Barclays started coverage on shares of Walmart in a report on Tuesday, February 7th. They set an “overweight” rating and a $159.00 price objective for the company. Finally, JPMorgan Chase & Co. set a $155.00 price objective on shares of Walmart in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.44.

Walmart Trading Up 0.8 %

Shares of NYSE WMT opened at $139.40 on Friday. Walmart Inc. has a 1-year low of $117.27 and a 1-year high of $160.77. The company has a market cap of $375.93 billion, a PE ratio of 32.57, a P/E/G ratio of 4.13 and a beta of 0.48. The company has a current ratio of 0.82, a quick ratio of 0.21 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $142.27 and a two-hundred day moving average of $141.10.

Walmart (NYSE:WMT – Get Rating) last announced its earnings results on Tuesday, February 21st. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. Walmart had a net margin of 1.91% and a return on equity of 20.45%. The company had revenue of $164.05 billion during the quarter, compared to the consensus estimate of $158.67 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 6.08 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given 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 of this dividend is Thursday, December 7th. Walmart’s dividend payout ratio is 53.27%.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 563,717 shares of Walmart stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $142.26, for a total transaction of $80,194,380.42. Following the completion of the sale, the insider now owns 264,873,644 shares in the company, valued at approximately $37,680,924,595.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP John R. Furner sold 4,375 shares of the business’s stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $144.81, for a total transaction of $633,543.75. Following the completion of the transaction, the executive vice president now owns 255,059 shares in the company, valued at $36,935,093.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 563,717 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $142.26, for a total transaction of $80,194,380.42. Following the transaction, the insider now owns 264,873,644 shares of the company’s stock, valued at approximately $37,680,924,595.44. The disclosure for this sale can be found here. Insiders sold a total of 9,830,325 shares of company stock worth $1,378,798,478 in the last quarter. 47.06% of the stock is owned by company insiders.

About Walmart

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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.