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Ballentine Partners LLC Buys 6,824 Shares of Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

Ballentine Partners LLC raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 87,586 shares of the retailer's stock after purchasing an additional 6,824 shares during the quarter. Ballentine Partners LLC's holdings in Walmart were worth $7,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Norges Bank purchased a new position in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. GAMMA Investing LLC increased its stake in shares of Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after buying an additional 7,860,306 shares during the period. Northern Trust Corp increased its stake in shares of Walmart by 8.9% during the fourth 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. APG Asset Management N.V. grew its stake in Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after purchasing an additional 3,512,368 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Walmart by 48.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after purchasing an additional 3,182,477 shares during the period. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WMT shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. 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 MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

View Our Latest Research Report on WMT

Walmart Price Performance

NYSE WMT opened at $94.36 on Friday. The company has a 50-day moving average price of $97.10 and a 200-day moving average price of $94.49. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $753.03 billion, a P/E ratio of 40.32, a PEG ratio of 4.57 and a beta of 0.68.

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

Walmart Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is currently 40.17%.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,711 shares of company stock valued at $13,710,319. Insiders own 45.58% of the company's stock.

Walmart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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