Cubist Systematic Strategies LLC Lowers Holdings in Walmart Inc (NYSE:WMT)

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Cubist Systematic Strategies LLC lessened its stake in Walmart Inc (NYSE:WMT) by 62.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,523 shares of the retailer’s stock after selling 71,821 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Walmart were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Evolution Wealth Advisors LLC purchased a new position in Walmart in the 4th quarter worth about $26,000. Corbenic Partners LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $27,000. Carolina Wealth Advisors LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $27,000. AlphaMark Advisors LLC grew its stake in shares of Walmart by 138.9% during the 4th quarter. AlphaMark Advisors LLC now owns 258 shares of the retailer’s stock valued at $31,000 after acquiring an additional 150 shares during the period. Finally, MBM Wealth Consultants LLC grew its stake in shares of Walmart by 197.2% during the 4th quarter. MBM Wealth Consultants LLC now owns 315 shares of the retailer’s stock valued at $37,000 after acquiring an additional 209 shares during the period. 30.37% of the stock is owned by hedge funds and other institutional investors.

WMT opened at $115.03 on Wednesday. Walmart Inc has a 12-month low of $96.53 and a 12-month high of $128.08. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $115.43 and its 200-day simple moving average is $117.44. The company has a market capitalization of $323.67 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 4.53 and a beta of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 18th. The retailer reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). Walmart had a return on equity of 18.16% and a net margin of 2.84%. The firm had revenue of $141.70 billion for the quarter, compared to the consensus estimate of $141.67 billion. During the same period in the previous year, the company posted $1.41 EPS. Walmart’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc will post 5.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 10th. Walmart’s payout ratio is currently 43.81%.

In other Walmart news, EVP John R. Furner sold 50,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $116.50, for a total value of $5,825,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $116.38, for a total value of $9,892,300.00. Following the completion of the sale, the executive vice president now owns 2,517,507 shares of the company’s stock, valued at $292,987,464.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 321,205 shares of company stock valued at $37,403,190. 50.22% of the stock is currently owned by company insiders.

WMT has been the subject of a number of recent research reports. Evercore ISI initiated coverage on Walmart in a research note on Friday, February 14th. They set a “hold” rating for the company. Odeon Capital Group upgraded Walmart from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday. Stifel Nicolaus boosted their price objective on Walmart from $115.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Oppenheimer upgraded Walmart from a “market perform” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, March 17th. Finally, Credit Suisse Group upgraded Walmart from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $127.00 in a research note on Wednesday, March 18th. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $127.15.

Walmart Profile

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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