MUFG Americas Holdings Corp trimmed its position in Walmart Inc (NYSE:WMT) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 116,109 shares of the retailer’s stock after selling 2,076 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Walmart were worth $11,465,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of WMT. FMR LLC raised its holdings in shares of Walmart by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after purchasing an additional 5,608,785 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Walmart by 43.5% in the 4th quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock valued at $859,814,000 after purchasing an additional 2,637,516 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Walmart by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after purchasing an additional 1,689,364 shares during the period. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Walmart by 128.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after purchasing an additional 1,158,519 shares during the period. Finally, Fred Alger Management Inc. raised its holdings in shares of Walmart by 4,619.7% in the 2nd quarter. Fred Alger Management Inc. now owns 1,128,064 shares of the retailer’s stock valued at $85,372,000 after purchasing an additional 1,104,163 shares during the period. 30.00% of the stock is currently owned by institutional investors.
WMT has been the topic of several research analyst reports. UBS set a $100.00 price target on shares of Walmart and gave the company a “neutral” rating in a report on Thursday, January 4th. Stephens lowered their price target on shares of Walmart from $117.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. BMO Capital Markets set a $96.00 price target on shares of Walmart and gave the company a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Nineteen research 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 presently has an average rating of “Buy” and a consensus target price of $102.40.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. The retailer reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.04). Walmart had a return on equity of 16.85% and a net margin of 1.97%. The business had revenue of $135.15 billion for the quarter, compared to analyst estimates of $133.63 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts expect that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given 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 2.34%. Walmart’s payout ratio is presently 47.06%.
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.
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.