Bedrijfstakpensioenfonds Voor DE Media PNO Acquires Shares of 70,000 Walmart Inc. (NYSE:WMT)

Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,000 shares of the retailer's stock, valued at approximately $5,689,000.

Several other large investors have also made changes to their positions in the company. Allen Mooney & Barnes Investment Advisors LLC lifted its stake in Walmart by 0.9% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 46,207 shares of the retailer's stock valued at $4,057,000 after buying an additional 398 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in Walmart by 2.3% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,088,206 shares of the retailer's stock valued at $95,534,000 after buying an additional 23,978 shares during the period. Defined Financial Planning LLC lifted its stake in Walmart by 63.6% in the first quarter. Defined Financial Planning LLC now owns 3,965 shares of the retailer's stock valued at $352,000 after buying an additional 1,542 shares during the period. ForthRight Wealth Management LLC lifted its stake in Walmart by 3.9% in the first quarter. ForthRight Wealth Management LLC now owns 6,119 shares of the retailer's stock valued at $537,000 after buying an additional 228 shares during the period. Finally, Fifth Third Bancorp lifted its stake in Walmart by 2.6% in the first quarter. Fifth Third Bancorp now owns 2,617,938 shares of the retailer's stock valued at $229,829,000 after buying an additional 67,421 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Trading Down 1.0%

Walmart stock traded down $1.00 during trading hours on Thursday, hitting $94.80. The stock had a trading volume of 17,813,539 shares, compared to its average volume of 17,893,103. The stock has a market cap of $758.48 billion, a price-to-earnings ratio of 39.34, a P/E/G ratio of 4.42 and a beta of 0.69. The business's 50 day simple moving average is $95.31 and its 200-day simple moving average is $94.01. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a one year low of $65.95 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WMT shares. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Roth Mkm reaffirmed a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Mizuho raised their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $106.50.

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.