Hudson Capital Management LLC acquired a new stake in Walmart Inc (NYSE:WMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,066 shares of the retailer’s stock, valued at approximately $1,587,000. Walmart accounts for about 1.2% of Hudson Capital Management LLC’s investment portfolio, making the stock its 24th biggest position.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Boston Private Wealth LLC lifted its position in shares of Walmart by 105.4% during the second quarter. Boston Private Wealth LLC now owns 200,215 shares of the retailer’s stock worth $15,153,000 after purchasing an additional 102,742 shares in the last quarter. Smith Chas P & Associates PA Cpas increased its stake in Walmart by 2.7% in the second quarter. Smith Chas P & Associates PA Cpas now owns 234,966 shares of the retailer’s stock valued at $17,782,000 after purchasing an additional 6,195 shares during the last quarter. Montag A & Associates Inc. increased its stake in Walmart by 73.9% in the second quarter. Montag A & Associates Inc. now owns 124,865 shares of the retailer’s stock valued at $9,450,000 after purchasing an additional 53,054 shares during the last quarter. Truepoint Inc. increased its stake in Walmart by 14.1% in the second quarter. Truepoint Inc. now owns 4,033 shares of the retailer’s stock valued at $325,000 after purchasing an additional 499 shares during the last quarter. Finally, Pzena Investment Management LLC increased its stake in Walmart by 0.4% in the second quarter. Pzena Investment Management LLC now owns 5,134,336 shares of the retailer’s stock valued at $388,567,000 after purchasing an additional 19,298 shares during the last quarter. 30.03% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on WMT. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine downgraded Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Vetr raised Walmart from a “sell” rating to a “hold” rating and set a $96.71 price target for the company in a report on Monday, November 27th. Oppenheimer set a $93.00 target price on Walmart and gave the company a “neutral” rating in a report on Friday, March 2nd. Finally, Credit Suisse Group set a $102.00 target price on Walmart and gave the company a “neutral” rating in a report on Thursday, March 8th. Nineteen 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’s stock. The stock has an average rating of “Buy” and an average target price of $102.40.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 20th. The retailer reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.04). The firm had revenue of $135.15 billion during the quarter, compared to analyst estimates of $133.63 billion. Walmart had a net margin of 1.97% and a return on equity of 16.85%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. research analysts expect that Walmart Inc will post 4.92 EPS for the current year.
The business 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 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, December 6th. Walmart’s dividend payout ratio is 65.00%.
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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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