Trust Co. of Toledo NA OH Increases Stock Position in Walmart Inc. (NYSE:WMT)


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Trust Co. of Toledo NA OH grew its stake in shares of Walmart Inc. (NYSE:WMT) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,013 shares of the retailer’s stock after buying an additional 478 shares during the period. Trust Co. of Toledo NA OH’s holdings in Walmart were worth $1,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Norges Bank purchased a new stake in Walmart during the 4th quarter worth $2,164,014,000. California Public Employees Retirement System boosted its position in Walmart by 12.7% during the 4th quarter. California Public Employees Retirement System now owns 7,310,901 shares of the retailer’s stock worth $1,053,866,000 after purchasing an additional 824,835 shares during the period. Cibc World Markets Corp boosted its position in Walmart by 147.7% during the 4th quarter. Cibc World Markets Corp now owns 1,096,164 shares of the retailer’s stock worth $158,012,000 after purchasing an additional 653,581 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Walmart by 239.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 902,432 shares of the retailer’s stock worth $130,086,000 after purchasing an additional 636,884 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Walmart by 4.4% during the 4th quarter. Fisher Asset Management LLC now owns 11,830,028 shares of the retailer’s stock worth $1,705,299,000 after purchasing an additional 497,775 shares during the period. 29.34% of the stock is owned by institutional investors.

WMT traded up $0.23 on Thursday, hitting $140.03. 132,861 shares of the company’s stock were exchanged, compared to its average volume of 9,552,190. The firm has a market cap of $394.47 billion, a PE ratio of 22.31, a P/E/G ratio of 4.86 and a beta of 0.27. Walmart Inc. has a twelve month low of $117.01 and a twelve month high of $153.66. The stock has a fifty day moving average of $133.89 and a two-hundred day moving average of $142.07. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 18th. The retailer reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.12). Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business had revenue of $152.08 billion for the quarter, compared to analyst estimates of $148.52 billion. During the same quarter last year, the company earned $1.38 EPS. On average, analysts predict that Walmart Inc. will post 5.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 9th. Walmart’s dividend payout ratio (DPR) is 44.62%.

Walmart declared that its board has initiated a stock repurchase plan on Thursday, February 18th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

WMT has been the subject of a number of analyst reports. FIX cut shares of Walmart from a “hold” rating to a “sell” rating and decreased their price objective for the company from $157.00 to $131.00 in a research report on Monday, January 25th. MKM Partners decreased their price objective on shares of Walmart from $154.00 to $141.00 in a research report on Tuesday, March 16th. Royal Bank of Canada set a $162.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, February 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walmart from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, February 19th. Finally, Raymond James decreased their price objective on shares of Walmart from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $154.11.

In other news, Director Randall L. Stephenson bought 7,725 shares of the firm’s stock in a transaction on Monday, March 8th. The stock was purchased at an average price of $129.63 per share, for a total transaction of $1,001,391.75. Following the transaction, the director now owns 8,308 shares in the company, valued at $1,076,966.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc E. Lore sold 35,000 shares of the company’s stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of $145.00, for a total transaction of $5,075,000.00. Following the completion of the transaction, the executive vice president now owns 1,228,283 shares of the company’s stock, valued at approximately $178,101,035. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,035,000 shares of company stock valued at $267,991,487. 50.43% of the stock is owned by insiders.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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