Coordinated Financial Services Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Coordinated Financial Services Inc. bought a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,891 shares of the retailer’s stock, valued at approximately $1,436,000. Walmart makes up about 1.1% of Coordinated Financial Services Inc.’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barings LLC lifted its position in shares of Walmart by 11.1% during the 4th quarter. Barings LLC now owns 3,471 shares of the retailer’s stock worth $314,000 after buying an additional 347 shares during the last quarter. Amundi lifted its position in Walmart by 11.5% in the fourth quarter. Amundi now owns 15,610,081 shares of the retailer’s stock valued at $1,433,004,000 after acquiring an additional 1,608,182 shares during the last quarter. Permanent Capital Management LP acquired a new position in Walmart in the fourth quarter valued at $475,000. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Walmart by 3.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 51,517 shares of the retailer’s stock worth $4,655,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Fairfield Financial Advisors LTD increased its position in shares of Walmart by 366.1% during the fourth quarter. Fairfield Financial Advisors LTD now owns 16,126 shares of the retailer’s stock worth $1,457,000 after purchasing an additional 12,666 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $91.68 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The business’s fifty day moving average price is $96.19 and its two-hundred day moving average price is $88.35. The stock has a market cap of $736.46 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analyst Ratings Changes

Several research firms have commented on WMT. TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. UBS Group restated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Jefferies Financial Group raised their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus price target of $103.07.

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.