Wedgewood Investors Inc. PA Has $334,000 Holdings in Walmart Inc. (NYSE:WMT)
Wedgewood Investors Inc. PA trimmed its stake in Walmart Inc. (NYSE:WMT) by 7.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,460 shares of the retailer’s stock after selling 200 shares during the period. Wedgewood Investors Inc. PA’s holdings in Walmart were worth $334,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Park National Corp OH grew its position in Walmart by 3.1% in the 4th quarter. Park National Corp OH now owns 15,407 shares of the retailer’s stock worth $2,221,000 after purchasing an additional 462 shares during the last quarter. Thomasville National Bank lifted its stake in Walmart by 1.2% during the fourth quarter. Thomasville National Bank now owns 22,362 shares of the retailer’s stock worth $3,223,000 after purchasing an additional 267 shares during the period. Private Trust Co. NA raised its holdings in shares of Walmart by 15.4% in the 4th quarter. Private Trust Co. NA now owns 27,874 shares of the retailer’s stock worth $4,018,000 after buying an additional 3,711 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Walmart by 2.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 38,757 shares of the retailer’s stock worth $5,587,000 after buying an additional 906 shares during the period. Finally, Woodstock Corp grew its position in Walmart by 8.0% in the fourth quarter. Woodstock Corp now owns 40,161 shares of the retailer’s stock valued at $5,789,000 after acquiring an additional 2,965 shares during the period. Institutional investors own 29.34% of the company’s stock.
A number of equities research analysts recently issued reports on WMT shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walmart from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, February 19th. MKM Partners cut their price target on Walmart from $154.00 to $141.00 in a report on Tuesday, March 16th. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating and set a $147.00 price objective on the stock in a report on Tuesday, April 20th. Morgan Stanley cut their price objective 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, Raymond James cut their price target on Walmart from $165.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, February 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $154.63.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 18th. The retailer reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.12). The firm had revenue of $152.08 billion during the quarter, compared to the consensus estimate of $148.52 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. During the same period in the prior year, the company posted $1.38 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 5.35 earnings per share for the current year.
The company 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 $0.55 dividend. The ex-dividend date is Thursday, December 9th. This represents a $2.20 annualized dividend and a dividend yield of 1.56%. Walmart’s dividend payout ratio is presently 44.62%.
Walmart announced that its Board of Directors has approved a stock repurchase program on Thursday, February 18th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $141.01, for a total value of $1,368,925.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 289,560 shares of Walmart stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $131.86, for a total transaction of $38,181,381.60. Following the transaction, the director now owns 3,215,991 shares of the company’s stock, valued at $424,060,573.26. The disclosure for this sale can be found here. Insiders sold a total of 2,009,708 shares of company stock valued at $264,285,412 over the last ninety days. 50.43% of the stock is currently owned by corporate insiders.
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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