Mackenzie Financial Corp raised its position in Walmart Inc (NYSE:WMT) by 262.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 600,103 shares of the retailer’s stock after purchasing an additional 434,445 shares during the quarter. Mackenzie Financial Corp’s holdings in Walmart were worth $59,260,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Walmart by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock valued at $1,156,909,000 after buying an additional 224,821 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Walmart by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after purchasing an additional 45,217 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Walmart by 43.5% during the fourth quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock worth $859,814,000 after purchasing an additional 2,637,516 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Walmart by 2.0% during the third quarter. Legal & General Group Plc now owns 8,675,274 shares of the retailer’s stock worth $677,941,000 after purchasing an additional 166,538 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in shares of Walmart by 1.3% during the third quarter. Pzena Investment Management LLC now owns 5,201,567 shares of the retailer’s stock worth $406,450,000 after purchasing an additional 67,231 shares in the last quarter. Hedge funds and other institutional investors own 30.00% of the company’s stock.
WMT opened at $85.43 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. The company has a market cap of $256,097.92, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54. Walmart Inc has a fifty-two week low of $73.13 and a fifty-two week high of $109.98.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s payout ratio is presently 47.06%.
A number of equities analysts have recently issued reports on WMT shares. Citigroup upgraded shares of Walmart from a “neutral” rating to a “buy” rating and upped their target price for the stock from $106.00 to $117.00 in a research report on Tuesday, December 19th. Goldman Sachs upgraded shares of Walmart from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Barclays upped their target price on shares of Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Wells Fargo set a $101.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Wednesday, February 21st. Twenty equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $102.04.
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Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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