Legg Mason Asset Management Japan Co. Ltd. Reduces Position in Walmart Inc (WMT)

Legg Mason Asset Management Japan Co. Ltd. lessened its position in shares of Walmart Inc (NYSE:WMT) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,700 shares of the retailer’s stock after selling 500 shares during the quarter. Walmart comprises 1.4% of Legg Mason Asset Management Japan Co. Ltd.’s investment portfolio, making the stock its 12th biggest holding. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Walmart were worth $1,090,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. purchased a new position in shares of Walmart in the 4th quarter valued at approximately $26,000. Ironwood Financial llc purchased a new position in shares of Walmart in the 4th quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Walmart in the 4th quarter valued at approximately $28,000. Winch Advisory Services LLC grew its stake in shares of Walmart by 45.1% in the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Walmart in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 28.94% of the company’s stock.

WMT has been the topic of several analyst reports. Citigroup lifted their target price on Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. Morgan Stanley upgraded Walmart from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $107.00 to $110.00 in a research note on Wednesday, January 23rd. KeyCorp lifted their target price on Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, February 20th. Tigress Financial reiterated a “hold” rating on shares of Walmart in a research note on Tuesday, January 29th. Finally, Barclays reiterated a “buy” rating and issued a $113.00 target price on shares of Walmart in a research note on Wednesday, February 20th. One 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.82.

In related news, EVP Jacqueline P. Canney sold 980 shares of Walmart stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at $5,405,849.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,139,696 shares of Walmart stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $99.72, for a total value of $113,650,485.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,240,978 shares of company stock valued at $1,406,078,670. 51.11% of the stock is currently owned by insiders.

Shares of WMT stock opened at $102.93 on Wednesday. The firm has a market cap of $300.86 billion, a P/E ratio of 20.96, a PEG ratio of 4.67 and a beta of 0.34. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $106.21. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.08. The firm had revenue of $137.74 billion during the quarter, compared to analysts’ expectations of $137.63 billion. Walmart had a return on equity of 18.60% and a net margin of 1.30%. Walmart’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, research analysts predict that Walmart Inc will post 4.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 annualized dividend and a yield of 2.06%. Walmart’s dividend payout ratio is presently 43.18%.

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Walmart 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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