Campbell Capital Management Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 575.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 40,548 shares of the retailer’s stock after buying an additional 34,548 shares during the quarter. Walmart makes up 2.5% of Campbell Capital Management Inc.’s holdings, making the stock its 17th largest holding. Campbell Capital Management Inc.’s holdings in Walmart were worth $5,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Wealth Alliance acquired a new position in shares of Walmart in the 3rd quarter valued at $381,000. First City Capital Management Inc. raised its stake in shares of Walmart by 50.7% in the 3rd quarter. First City Capital Management Inc. now owns 2,686 shares of the retailer’s stock valued at $387,000 after buying an additional 904 shares in the last quarter. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Walmart in the 3rd quarter valued at $1,216,000. Point72 Asset Management L.P. acquired a new position in shares of Walmart in the 3rd quarter valued at $17,880,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Walmart by 159.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 189,498 shares of the retailer’s stock valued at $26,513,000 after buying an additional 116,436 shares in the last quarter. Hedge funds and other institutional investors own 29.34% of the company’s stock.
In other Walmart news, Director Randall L. Stephenson purchased 7,725 shares of the firm’s stock in a transaction dated Monday, March 8th. The stock was bought at an average cost of $129.63 per share, with a total value of $1,001,391.75. Following the purchase, the director now directly owns 8,308 shares of the company’s stock, valued at $1,076,966.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marc E. Lore sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 21st. The stock was sold at an average price of $145.00, for a total transaction of $5,075,000.00. Following the transaction, the executive vice president now directly owns 1,228,283 shares of the company’s stock, valued at $178,101,035. The disclosure for this sale can be found here. Insiders have sold a total of 2,035,000 shares of company stock worth $267,991,487 over the last 90 days. Corporate insiders own 50.43% of the company’s stock.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 18th. The retailer reported $1.39 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.12). The company had revenue of $152.08 billion for the quarter, compared to analyst estimates of $148.52 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. During the same quarter last year, the business posted $1.38 earnings per share. On average, equities research analysts predict that Walmart Inc. will post 5.35 EPS for the current fiscal year.
Walmart declared that its board has authorized a stock repurchase plan on Thursday, February 18th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, December 9th. This represents a $2.20 annualized dividend and a yield of 1.57%. Walmart’s dividend payout ratio (DPR) is currently 44.62%.
A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walmart from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, February 19th. FIX lowered shares of Walmart from a “hold” rating to a “sell” rating and lowered their target price for the stock from $157.00 to $131.00 in a report on Monday, January 25th. MKM Partners lowered their target price on shares of Walmart from $154.00 to $141.00 in a report on Tuesday, March 16th. Morgan Stanley lowered their target price on shares of Walmart from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, February 25th. Finally, Royal Bank of Canada set a $162.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Friday, February 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $154.11.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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