Flagship Harbor Advisors LLC raised its holdings in Walmart Inc (NYSE:WMT) by 10.5% during the 1st quarter, Holdings Channel reports. The firm owned 9,235 shares of the retailer’s stock after acquiring an additional 875 shares during the period. Flagship Harbor Advisors LLC’s holdings in Walmart were worth $900,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc raised its position in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after acquiring an additional 1,110,593 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in shares of Walmart in the fourth quarter worth about $26,000. Windsor Group LTD raised its position in shares of Walmart by 11.2% in the fourth quarter. Windsor Group LTD now owns 4,504 shares of the retailer’s stock worth $420,000 after acquiring an additional 455 shares during the period. TrimTabs Asset Management LLC acquired a new position in shares of Walmart in the fourth quarter worth about $1,120,000. Finally, Carmichael Hill & Associates Inc. raised its position in shares of Walmart by 2.0% in the fourth quarter. Carmichael Hill & Associates Inc. now owns 5,502 shares of the retailer’s stock worth $512,000 after acquiring an additional 106 shares during the period. 28.96% of the stock is currently owned by institutional investors.
In other news, insider John R. Furner sold 10,427 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total value of $1,061,572.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacqueline P. Canney sold 980 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total transaction of $97,049.40. Following the completion of 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 14,255,221 shares of company stock valued at $1,407,521,976. 51.11% of the stock is owned by corporate insiders.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter in the prior year, the company earned $1.14 EPS. Walmart’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc will post 4.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be paid 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 2.10%. Walmart’s dividend payout ratio is presently 43.18%.
Several research analysts recently weighed in on WMT shares. Citigroup upped their price target on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a research report on Thursday, May 2nd. Morgan Stanley upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $107.00 to $110.00 in a research report on Wednesday, January 23rd. KeyCorp upped their price target on shares of Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. Finally, Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $107.13.
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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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