Kendall Capital Management Acquires 564 Shares of Walmart Inc. (NYSE:WMT)

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

Other large investors also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC bought a new stake in Walmart in the third quarter worth approximately $2,072,000. Candriam S.C.A. grew its position in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Bank of New Hampshire grew its position in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Modera Wealth Management LLC grew its position in Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its position in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WMT. KeyCorp upped their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Wells Fargo & Company upped their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Sanford C. Bernstein upped their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. BMO Capital Markets upped their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Roth Mkm reiterated a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Trading Down 3.1 %

Shares of WMT stock opened at $91.68 on Monday. 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 P/E/G ratio of 4.42 and a beta of 0.53. The firm has a 50-day moving average price of $96.19 and a 200 day moving average price of $88.44. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart 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 completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last quarter. 45.58% of the stock is owned by company insiders.

About Walmart

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.