Walmart Inc (WMT) Position Reduced by Private Asset Management Inc.

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Private Asset Management Inc. lessened its holdings in Walmart Inc (NYSE:WMT) by 74.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,405 shares of the retailer’s stock after selling 7,001 shares during the quarter. Private Asset Management Inc.’s holdings in Walmart were worth $235,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Lenox Wealth Management Inc. increased its holdings in Walmart by 1.0% in the fourth quarter. Lenox Wealth Management Inc. now owns 10,348 shares of the retailer’s stock valued at $969,000 after buying an additional 104 shares during the last quarter. Carmichael Hill & Associates Inc. grew its holdings in shares of Walmart by 2.0% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 5,502 shares of the retailer’s stock worth $512,000 after purchasing an additional 106 shares during the last quarter. Winch Advisory Services LLC grew its holdings in shares of Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after purchasing an additional 107 shares during the last quarter. Pegasus Asset Management Inc. grew its holdings in shares of Walmart by 1.1% during the fourth quarter. Pegasus Asset Management Inc. now owns 9,814 shares of the retailer’s stock worth $914,000 after purchasing an additional 107 shares during the last quarter. Finally, New Capital Management LP grew its holdings in shares of Walmart by 18.0% during the fourth quarter. New Capital Management LP now owns 720 shares of the retailer’s stock worth $67,000 after purchasing an additional 110 shares during the last quarter. 28.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WMT opened at $101.15 on Friday. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $106.21. The stock has a market cap of $299.88 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 4.73 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, topping the 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 business had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc will post 4.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.10%. Walmart’s dividend payout ratio (DPR) is 43.18%.

Several equities analysts have issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $103.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating in a report on Thursday. Morgan Stanley set a $113.00 price objective on Walmart and gave the stock an “overweight” rating in a report on Wednesday, February 20th. Barclays reaffirmed a “buy” rating and set a $113.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Finally, Zacks Investment Research lowered Walmart from a “hold” rating to a “sell” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $105.82.

In related news, EVP Jacqueline P. Canney sold 980 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,405,849.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Chojnowski sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total transaction of $194,340.00. The disclosure for this sale can be found here. Insiders have sold 14,240,978 shares of company stock valued at $1,406,078,670 in the last quarter. Insiders own 51.11% of the company’s stock.

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About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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