4,500 Shares in Walmart Inc. (NYSE:WMT) Purchased by Asset Allocation & Management Company LLC

Asset Allocation & Management Company LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,500 shares of the retailer's stock, valued at approximately $395,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after buying an additional 2,050,683 shares during the period. Geode Capital Management LLC raised its stake in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC raised its stake in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after buying an additional 1,133,201 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,334 shares of company stock valued at $12,615,864 in the last quarter. Insiders own 45.58% of the company's stock.

Walmart Trading Up 1.5%

Shares of Walmart stock traded up $1.47 during trading hours on Friday, hitting $98.57. The company's stock had a trading volume of 29,968,085 shares, compared to its average volume of 17,890,104. Walmart Inc. has a twelve month low of $65.16 and a twelve month high of $105.30. The firm has a fifty day moving average of $93.46 and a 200-day moving average of $93.41. The stock has a market cap of $788.65 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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

Walmart Announces Dividend

The firm 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. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WMT. Stifel Nicolaus reduced 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. Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

About Walmart

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.