Avalon Advisors LLC Has $14.98 Million Stake in Walmart Inc (WMT)

Avalon Advisors LLC grew its stake in Walmart Inc (NYSE:WMT) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 160,800 shares of the retailer’s stock after acquiring an additional 6,041 shares during the quarter. Avalon Advisors LLC’s holdings in Walmart were worth $14,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Walmart in the 3rd quarter valued at approximately $376,000. National Pension Service raised its holdings in Walmart by 1.0% in the 3rd quarter. National Pension Service now owns 1,275,898 shares of the retailer’s stock valued at $119,820,000 after buying an additional 12,243 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Walmart in the 3rd quarter valued at approximately $335,000. Kiwi Wealth Investments Limited Partnership bought a new position in Walmart in the 3rd quarter valued at approximately $11,842,000. Finally, Worldquant Millennium Quantitative Strategies LLC raised its holdings in Walmart by 4.1% in the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 210,043 shares of the retailer’s stock valued at $19,725,000 after buying an additional 8,299 shares during the last quarter. Institutional investors and hedge funds own 28.92% of the company’s stock.

A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Walmart from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, April 1st. Evercore ISI assumed coverage on shares of Walmart in a report on Wednesday, March 20th. They issued an “in-line” rating and a $95.00 price objective for the company. They noted that the move was a valuation call. Daiwa Capital Markets set a $104.00 price objective on shares of Walmart and gave the company a “hold” rating in a report on Friday, February 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price objective on shares of Walmart in a report on Thursday, February 21st. Finally, Bank of America set a $120.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have assigned a buy rating to the company. Walmart currently has an average rating of “Hold” and a consensus price target of $105.82.

In other news, major shareholder Alice L. Walton sold 1,855,869 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the completion of the sale, the insider now owns 15,557,224 shares of the company’s stock, valued at approximately $1,548,877,221.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jacqueline P. Canney sold 980 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $99.03, for a total transaction of $97,049.40. Following the sale, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at approximately $5,405,849.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,240,978 shares of company stock valued at $1,406,078,670. Insiders own 51.11% of the company’s stock.

NYSE:WMT opened at $102.43 on Tuesday. The company has a market cap of $304.18 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 4.64 and a beta of 0.34. 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 Inc has a fifty-two week low of $81.78 and a fifty-two week high of $106.21.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, topping the consensus estimate of $1.33 by $0.08. The company had revenue of $137.74 billion during the quarter, compared to the consensus estimate of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. On average, sell-side analysts expect that Walmart Inc will post 4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, May 9th. Walmart’s dividend payout ratio (DPR) is 43.18%.

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Walmart Company Profile

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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