Wesbanco Bank Inc. Lowers Position in Walmart Inc (WMT)
Wesbanco Bank Inc. lessened its stake in Walmart Inc (NYSE:WMT) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,673 shares of the retailer’s stock after selling 6,318 shares during the quarter. Wesbanco Bank Inc.’s holdings in Walmart were worth $3,721,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Gilder Gagnon Howe & Co. LLC raised its holdings in Walmart by 16.3% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,233,222 shares of the retailer’s stock valued at $121,781,000 after acquiring an additional 172,692 shares during the period. Capital Investment Advisory Services LLC raised its holdings in Walmart by 145.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 11,998 shares of the retailer’s stock valued at $1,185,000 after acquiring an additional 7,116 shares during the period. Axel Capital Management LLC bought a new stake in Walmart during the 4th quarter valued at $3,950,000. Eads & Heald Investment Counsel raised its holdings in Walmart by 21.2% during the 4th quarter. Eads & Heald Investment Counsel now owns 15,735 shares of the retailer’s stock valued at $1,554,000 after acquiring an additional 2,747 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in Walmart by 3.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 184,471 shares of the retailer’s stock valued at $18,217,000 after acquiring an additional 5,328 shares during the period. 30.03% of the stock is currently owned by institutional investors and hedge funds.
Walmart Inc (NYSE:WMT) opened at $88.72 on Friday. Walmart Inc has a 1 year low of $69.33 and a 1 year high of $109.98. The stock has a market cap of $262,820.00, a price-to-earnings ratio of 27.73, a P/E/G ratio of 3.11 and a beta of 0.57. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.08 annualized dividend and a yield of 2.34%. Walmart’s dividend payout ratio (DPR) is presently 65.00%.
In related news, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the transaction, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 51.39% of the stock is currently owned by insiders.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr raised shares of Walmart from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a report on Monday, November 27th. Oppenheimer set a $93.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Friday, March 2nd. Finally, Credit Suisse Group set a $102.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Thursday. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $102.40.
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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