Walmart Inc. (NYSE:WMT) Stock Holdings Raised by Kendall Capital Management

Kendall Capital Management raised its stake in Walmart Inc. (NYSE:WMT) by 15.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,149 shares of the retailer’s stock after purchasing an additional 564 shares during the period. Kendall Capital Management’s holdings in Walmart were worth $375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC increased its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WMT shares. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. KeyCorp lifted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Stifel Nicolaus lifted their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Stock Down 3.1 %

NYSE WMT opened at $91.68 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company’s 50 day simple moving average is $96.19 and its 200 day simple moving average is $88.44. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a market capitalization of $736.46 billion, a P/E ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.03%. Walmart’s dividend payout ratio is currently 39.00%.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.