Richard C. Young & CO. LTD. increased its holdings in Walmart Inc (NYSE:WMT) by 840.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,759 shares of the retailer’s stock after buying an additional 45,360 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Walmart were worth $5,012,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Parkside Investments LLC purchased a new stake in Walmart in the 3rd quarter worth approximately $344,000. Comerica Bank boosted its position in Walmart by 3.5% in the 3rd quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock worth $50,070,000 after purchasing an additional 19,415 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Walmart by 1.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 926,494 shares of the retailer’s stock worth $75,204,000 after purchasing an additional 16,334 shares in the last quarter. Alps Advisors Inc. boosted its position in Walmart by 24.8% in the 3rd quarter. Alps Advisors Inc. now owns 21,241 shares of the retailer’s stock worth $1,660,000 after purchasing an additional 4,217 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Walmart by 13.1% during the 4th quarter. Toronto Dominion Bank now owns 644,558 shares of the retailer’s stock valued at $63,649,000 after buying an additional 74,769 shares in the last quarter. Institutional investors own 30.00% of the company’s stock.
WMT has been the topic of a number of recent analyst reports. BMO Capital Markets set a $96.00 target price on Walmart and gave the company a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Stephens set a $117.00 target price on Walmart and gave the company a “buy” rating in a research report on Tuesday, January 16th. Jefferies Group reiterated a “buy” rating and set a $119.00 target price on shares of Walmart in a research report on Friday, February 16th. Finally, Vetr upgraded Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 target price on the stock in a research report on Tuesday, February 20th. Twenty analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Walmart currently has a consensus rating of “Buy” and an average target price of $101.71.
Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). Walmart had a return on equity of 16.85% and a net margin of 1.97%. The company had revenue of $135.15 billion during the quarter, compared to analyst estimates of $133.63 billion. During the same period last year, the business earned $1.30 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Walmart Inc will post 4.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is presently 47.06%.
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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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