448,900 Shares in Walmart Inc. (NYSE:WMT) Bought by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 448,900 shares of the retailer's stock, valued at approximately $39,427,000.

A number of other institutional investors have also recently made changes to their positions in WMT. World Investment Advisors boosted its holdings in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares during the period. Full Sail Capital LLC boosted its stake in Walmart by 6.6% during the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after buying an additional 541 shares during the period. Leslie Global Wealth LLC grew its position in Walmart by 22.0% during the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after buying an additional 568 shares in the last quarter. Scalar Gauge Management LLC increased its stake in Walmart by 76.9% in the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Monument Capital Management raised its holdings in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after acquiring an additional 26,685 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

NYSE:WMT traded up $0.20 during trading hours on Tuesday, hitting $95.87. 9,040,232 shares of the stock were exchanged, compared to its average volume of 18,123,519. The firm's fifty day moving average price is $96.81 and its 200 day moving average price is $94.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The company has a market cap of $765.10 billion, a P/E ratio of 40.97, a P/E/G ratio of 4.60 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares in the company, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 155,820 shares of company stock valued at $14,965,435. Insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Mizuho increased their price objective on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.67.

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.