Dividend Assets Capital LLC Trims Stake in Walmart Inc. (NYSE:WMT)
Dividend Assets Capital LLC reduced its position in Walmart Inc. (NYSE:WMT) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 47,342 shares of the retailer’s stock after selling 1,717 shares during the period. Walmart accounts for about 1.2% of Dividend Assets Capital LLC’s holdings, making the stock its 24th biggest holding. Dividend Assets Capital LLC’s holdings in Walmart were worth $6,430,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. Black Swift Group LLC purchased a new stake in Walmart during the 4th quarter valued at approximately $26,000. Greenhouse Wealth Management LLC purchased a new stake in Walmart during the 4th quarter valued at approximately $26,000. Albion Financial Group UT acquired a new position in Walmart during the 4th quarter worth approximately $27,000. ShoreHaven Wealth Partners LLC acquired a new position in Walmart during the 4th quarter worth approximately $29,000. Finally, Perennial Advisors LLC acquired a new position in Walmart during the 4th quarter worth approximately $32,000. 29.34% of the stock is owned by hedge funds and other institutional investors.
NYSE:WMT traded down $0.43 during mid-day trading on Tuesday, hitting $141.69. The company had a trading volume of 59,754 shares, compared to its average volume of 8,964,563. The business has a fifty day simple moving average of $137.10 and a 200-day simple moving average of $142.03. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 1 year low of $117.01 and a 1 year high of $153.66. The firm has a market capitalization of $398.78 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 4.86 and a beta of 0.27.
Walmart declared that its Board of Directors has initiated a share buyback program on Thursday, February 18th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Friday, December 10th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $2.20 annualized dividend and a dividend yield of 1.55%. Walmart’s dividend payout ratio is presently 44.62%.
In other Walmart news, Director Randall L. Stephenson bought 7,725 shares of the business’s stock in a transaction on Monday, March 8th. The shares were purchased at an average price of $129.63 per share, with a total value of $1,001,391.75. Following the completion of the acquisition, the director now directly owns 8,308 shares of the company’s stock, valued at approximately $1,076,966.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 289,560 shares of the firm’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $131.86, for a total transaction of $38,181,381.60. Following the completion of the transaction, the director now directly owns 3,215,991 shares in the company, valued at approximately $424,060,573.26. The disclosure for this sale can be found here. Insiders have sold 2,009,708 shares of company stock valued at $264,285,412 over the last 90 days. Insiders own 50.43% of the company’s stock.
Several research firms have issued reports on WMT. FIX cut Walmart from a “hold” rating to a “sell” rating and dropped their target price for the stock from $157.00 to $131.00 in a research report on Monday, January 25th. Credit Suisse Group set a $150.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday, February 19th. Zacks Investment Research upgraded Walmart from a “sell” rating to a “hold” rating and set a $147.00 price target on the stock in a report on Tuesday, April 20th. Morgan Stanley lowered their price target on Walmart from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, February 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Walmart from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, February 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and an average price target of $154.63.
Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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