Ironwood Investment Counsel LLC lifted its holdings in shares of Walmart Inc (NYSE:WMT) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,861 shares of the retailer’s stock after purchasing an additional 2,594 shares during the quarter. Walmart accounts for 2.3% of Ironwood Investment Counsel LLC’s holdings, making the stock its 12th largest position. Ironwood Investment Counsel LLC’s holdings in Walmart were worth $6,207,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Voya Investment Management LLC increased its holdings in shares of Walmart by 10.9% during the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after purchasing an additional 294,383 shares during the period. Parkside Investments LLC bought a new position in shares of Walmart during the third quarter worth approximately $344,000. Numeric Investors LLC increased its holdings in shares of Walmart by 31.2% during the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after purchasing an additional 280,430 shares during the period. Comerica Bank increased its holdings in shares of Walmart by 3.5% during the third quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock worth $50,070,000 after purchasing an additional 19,415 shares during the period. Finally, BT Investment Management Ltd bought a new position in shares of Walmart during the second quarter worth approximately $25,916,000. 30.03% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the stock. Moffett Nathanson assumed coverage on shares of Walmart in a report on Monday, December 4th. They set a “neutral” rating on the stock. Wells Fargo set a $101.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $99.00 price objective (down from $104.00) on shares of Walmart in a research note on Wednesday, February 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $98.00 price objective (down from $103.00) on shares of Walmart in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada raised shares of Walmart from an “underperform” rating to a “sector perform” rating and set a $96.00 price objective on the stock in a research note on Wednesday, November 29th. Nineteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Walmart has a consensus rating of “Buy” and an average price target of $102.40.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The business had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. Walmart had a return on equity of 16.85% and a net margin of 1.97%. Walmart’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. equities research analysts expect that Walmart Inc will post 4.92 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.33%. Walmart’s dividend payout ratio (DPR) is presently 63.61%.
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Walmart Company Profile
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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