E Fund Management Co. Ltd. Has $5.02 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• E Fund Management Co. Ltd. has reduced its holdings in Walmart Inc. by 6.2%, now owning 57,233 shares valued at approximately $5.02 million.
• Equity analysts have a consensus rating of "Buy" for Walmart with an average target price of $106.70, with several firms increasing their price targets recently.
• Walmart declared a dividend of $0.235 per share, set to be paid on September 2nd, with a yield of 90.0% and a payout ratio of 40.17%.

E Fund Management Co. Ltd. reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,233 shares of the retailer's stock after selling 3,785 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Walmart were worth $5,024,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson reiterated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Tigress Financial upped their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $106.70.

Walmart Price Performance

Shares of WMT opened at $103.68 on Wednesday. Walmart Inc. has a 1 year low of $67.14 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company has a market capitalization of $827.41 billion, a price-to-earnings ratio of 44.31, a price-to-earnings-growth ratio of 5.00 and a beta of 0.66. The business has a 50-day moving average of $97.46 and a 200-day moving average of $95.51.

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

Walmart Dividend Announcement

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

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the sale, the executive vice president owned 626,118 shares of the company's stock, valued at $61,547,399.40. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,112 shares of company stock valued at $14,080,073. 0.10% of the stock is owned by insiders.

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.

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