Paradigm Financial Advisors LLC Has $363,000 Stake in Walmart Inc (WMT)
Paradigm Financial Advisors LLC lifted its position in Walmart Inc (NYSE:WMT) by 10.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,719 shares of the retailer’s stock after purchasing an additional 343 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Walmart were worth $363,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Oregon Public Employees Retirement Fund grew its holdings in shares of Walmart by 2,899.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after purchasing an additional 14,058,442 shares during the last quarter. FMR LLC grew its holdings in shares of Walmart by 14.6% in the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after purchasing an additional 3,058,978 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after purchasing an additional 1,532,362 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Walmart by 493.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock worth $161,400,000 after purchasing an additional 1,440,922 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares during the last quarter. 28.96% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Morgan Stanley raised shares of Walmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $107.00 to $110.00 in a report on Wednesday, January 23rd. Tigress Financial reissued a “hold” rating on shares of Walmart in a report on Tuesday, January 29th. Buckingham Research assumed coverage on shares of Walmart in a report on Thursday, February 7th. They set a “neutral” rating and a $96.73 price objective on the stock. Finally, DZ Bank reissued a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $105.87.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.08. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company had revenue of $137.74 billion for the quarter, compared to the consensus estimate of $137.63 billion. During the same period in the prior year, the company posted $1.33 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Walmart Inc will post 4.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.12%. Walmart’s payout ratio is presently 43.18%.
In other Walmart news, insider David Chojnowski sold 2,000 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total transaction of $194,340.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John R. Furner sold 10,427 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total transaction of $1,061,572.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,240,978 shares of company stock worth $1,406,078,670. Corporate insiders own 51.11% of the company’s stock.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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