GUNN & Co INVESTMENT MANAGEMENT INC. Has $57.06 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in Walmart Inc. (NYSE:WMT) by 1,159.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,920 shares of the retailer’s stock after purchasing an additional 333,187 shares during the quarter. Walmart makes up about 3.8% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 7th largest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Walmart were worth $57,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of WMT. Vanguard Group Inc. boosted its stake in shares of Walmart by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after buying an additional 751,713 shares during the last quarter. Morgan Stanley boosted its position in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after purchasing an additional 426,388 shares during the last quarter. FMR LLC grew its stake in Walmart by 8.5% in the 3rd quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock valued at $2,698,519,000 after purchasing an additional 1,317,729 shares during the period. Northern Trust Corp increased its position in shares of Walmart by 4.0% during the 3rd quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock valued at $2,361,411,000 after purchasing an additional 562,256 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Walmart by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock worth $2,081,120,000 after purchasing an additional 78,981 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WMT shares. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus reaffirmed a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Evercore ISI reduced their price objective on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Tigress Financial boosted their target price on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research note on Monday, February 19th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Stock Up 0.2 %

WMT opened at $59.82 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $60.06 and its 200-day moving average price is $55.99. The company has a market cap of $482.03 billion, a P/E ratio of 31.26, a P/E/G ratio of 3.90 and a beta of 0.49. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $61.65.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. On average, equities analysts expect that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.39%. Walmart’s dividend payout ratio is currently 43.38%.

Insider Activity

In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the transaction, the insider now directly owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 5,970,066 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the completion of the transaction, the insider now owns 671,082,588 shares of the company’s stock, valued at $39,106,219,344.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the completion of the sale, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,019,140 shares of company stock valued at $1,696,045,631. Company insiders own 46.51% of the company’s stock.

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.