JCIC Asset Management Inc. grew its holdings in Walmart Inc. (NYSE:WMT) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,460 shares of the retailer’s stock after buying an additional 1,760 shares during the period. JCIC Asset Management Inc.’s holdings in Walmart were worth $2,372,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Black Swift Group LLC bought a new position in shares of Walmart during the fourth quarter worth approximately $26,000. Greenhouse Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth approximately $26,000. Albion Financial Group UT bought a new position in shares of Walmart during the fourth quarter worth approximately $27,000. ShoreHaven Wealth Partners LLC bought a new position in Walmart during the 4th quarter worth $29,000. Finally, Perennial Advisors LLC bought a new position in Walmart during the 4th quarter worth $32,000. Institutional investors own 29.34% of the company’s stock.
In other news, EVP Marc E. Lore sold 35,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 1,228,283 shares in the company, valued at approximately $178,101,035. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Randall L. Stephenson bought 7,725 shares of Walmart stock in a transaction dated Monday, March 8th. The shares were acquired at an average price of $129.63 per share, with a total value of $1,001,391.75. Following the completion of the purchase, the director now owns 8,308 shares in the company, valued at approximately $1,076,966.04. The disclosure for this purchase can be found here. Insiders sold 2,035,000 shares of company stock valued at $267,991,487 in the last ninety days. 50.43% of the stock is owned by corporate insiders.
NYSE WMT opened at $139.61 on Thursday. Walmart Inc. has a 12 month low of $117.01 and a 12 month high of $153.66. The company has a 50-day moving average of $133.78 and a 200-day moving average of $142.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. The company has a market cap of $393.29 billion, a P/E ratio of 22.22, a P/E/G ratio of 4.86 and a beta of 0.27.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 18th. The retailer reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.12). Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business had revenue of $152.08 billion for the quarter, compared to analyst estimates of $148.52 billion. During the same period last year, the company posted $1.38 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 5.35 EPS for the current year.
Walmart declared that its Board of Directors has initiated a stock buyback program on Thursday, February 18th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, December 9th. Walmart’s dividend payout ratio (DPR) is 44.62%.
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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