1,325,977 Shares in Walmart Inc. (NYSE:WMT) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,325,977 shares of the retailer's stock, valued at approximately $119,802,000.

Several other large investors also recently bought and sold shares of WMT. Vanguard Group Inc. increased its position in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank purchased a new stake in shares of Walmart during the fourth quarter worth approximately $5,737,355,000. Fisher Asset Management LLC grew its position in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after buying an additional 1,133,201 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after buying an additional 3,550,037 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Walmart stock traded down $0.78 during midday trading on Tuesday, hitting $98.55. The company's stock had a trading volume of 10,599,150 shares, compared to its average volume of 17,827,446. The company has a 50-day moving average price of $90.62 and a two-hundred day moving average price of $91.65. Walmart Inc. has a 1-year low of $59.44 and a 1-year high of $105.30. The company has a market cap of $788.49 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the sale, the executive vice president now owns 632,718 shares in the company, valued at $61,607,751.66. This represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,857 shares of company stock worth $12,444,743 in the last quarter. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Mizuho began coverage on Walmart in a research note on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target on the stock. Truist Financial cut their price objective on Walmart from $111.00 to $107.00 and set a "buy" rating for the company in a research report on Tuesday. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Thursday, April 10th. Finally, Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $103.45.

Walmart 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.