Calamos Advisors LLC increased its stake in shares of Walmart Inc (NYSE:WMT) by 27.6% in the 1st quarter, Holdings Channel reports. The firm owned 1,229,495 shares of the retailer’s stock after purchasing an additional 265,796 shares during the period. Walmart accounts for 0.7% of Calamos Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Calamos Advisors LLC’s holdings in Walmart were worth $119,913,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in 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 valued at $156,000 after acquiring an additional 14,058,442 shares during the last quarter. FMR LLC raised its holdings in Walmart by 14.6% in the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after acquiring an additional 3,058,978 shares during the last quarter. Geode Capital Management LLC raised its holdings in Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Walmart by 493.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock valued at $161,400,000 after acquiring an additional 1,440,922 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares during the last quarter. Hedge funds and other institutional investors own 28.96% of the company’s stock.
NYSE:WMT opened at $99.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market cap of $298.31 billion, a P/E ratio of 20.34, a P/E/G ratio of 4.58 and a beta of 0.36. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $106.21.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors 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 dividend yield of 2.12%. Walmart’s payout ratio is currently 43.18%.
A number of analysts have commented on WMT shares. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Morgan Stanley upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $110.00 in a report on Wednesday, January 23rd. Tigress Financial reiterated a “hold” rating on shares of Walmart in a report on Tuesday, January 29th. Buckingham Research started coverage on shares of Walmart in a report on Thursday, February 7th. They issued a “neutral” rating and a $96.73 price objective for the company. Finally, DZ Bank reiterated a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $105.87.
In related news, major shareholder Alice L. Walton sold 1,649,023 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.88, for a total transaction of $163,055,394.24. Following the completion of the transaction, the insider now owns 8,872,375 shares of the company’s stock, valued at approximately $877,300,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,855,869 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the transaction, the insider now directly owns 15,557,224 shares of the company’s stock, valued at approximately $1,548,877,221.44. The disclosure for this sale can be found here. Insiders have sold a total of 14,240,978 shares of company stock valued at $1,406,078,670 in the last ninety days. 51.11% of the stock is currently owned by corporate insiders.
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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