BI Asset Management Fondsmaeglerselskab A S Lowers Position in Walmart Inc. $WMT

Key Points

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BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 28.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 527,834 shares of the retailer's stock after selling 210,030 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Walmart were worth $46,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Operose Advisors LLC grew its holdings in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the period. Bear Mountain Capital Inc. grew its holdings in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the period. EQ Wealth Advisors LLC purchased a new position in Walmart during the 1st quarter valued at about $35,000. Finally, Lipe & Dalton boosted its holdings in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

WMT stock opened at $100.65 on Tuesday. The business has a 50 day moving average price of $97.67 and a 200 day moving average price of $95.58. The stock has a market cap of $803.23 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 4.80 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $73.34 and a fifty-two 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.

Walmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 90.0%. Walmart's payout ratio is presently 40.17%.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the sale, the executive vice president owned 1,056,455 shares in the company, valued at $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total value of $166,726.40. Following the sale, the executive vice president owned 649,233 shares of the company's stock, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,334 shares of company stock valued at $13,526,350 over the last 90 days. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Thursday, August 14th. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $109.89.

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.

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