Walmart Inc (WMT) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its position in Walmart Inc (NYSE:WMT) by 93.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,876 shares of the retailer’s stock after selling 249,507 shares during the quarter. Pinebridge Investments L.P.’s holdings in Walmart were worth $1,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. raised its position in Walmart by 13,287.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after purchasing an additional 1,063 shares during the period. Cerebellum GP LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $127,000. Gradient Investments LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $155,000. Cable Hill Partners LLC raised its position in Walmart by 8,165.4% in the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock valued at $168,000 after purchasing an additional 2,123 shares during the period. Finally, Alpha Omega Wealth Management LLC raised its position in Walmart by 49.0% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 1,719 shares of the retailer’s stock valued at $170,000 after purchasing an additional 565 shares during the period. 30.00% of the stock is currently owned by institutional investors.

Shares of WMT stock opened at $88.97 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20. The firm has a market cap of $263,563.13, a P/E ratio of 20.13, a PEG ratio of 3.24 and a beta of 0.57. Walmart Inc has a 12 month low of $70.31 and a 12 month high of $109.98.

Walmart (NYSE:WMT) last issued its 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 firm 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%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. sell-side analysts anticipate that Walmart Inc will post 4.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid 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 currently 47.06%.

WMT has been the topic of a number of research analyst reports. Robert W. Baird set a $110.00 target price on Walmart and gave the company a “buy” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Vetr upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $104.38 price target for the company in a research note on Wednesday, January 10th. Citigroup upgraded shares of Walmart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $106.00 to $117.00 in a research note on Tuesday, December 19th. Finally, Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research note on Saturday, January 13th. 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. The company presently has a consensus rating of “Buy” and an average price target of $102.40.

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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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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