Generate Investment Management Ltd Has $21.84 Million Position in Walmart Inc. (NYSE:WMT)

Generate Investment Management Ltd raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 161.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,816 shares of the retailer's stock after acquiring an additional 153,468 shares during the period. Walmart comprises approximately 1.5% of Generate Investment Management Ltd's holdings, making the stock its 20th largest holding. Generate Investment Management Ltd's holdings in Walmart were worth $21,844,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Whelan Financial raised its stake in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares during the period. Van Strum & Towne Inc. raised its stake in shares of Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after buying an additional 108 shares in the last quarter. Planning Center Inc. lifted its holdings in shares of Walmart by 1.8% during the 1st quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after acquiring an additional 108 shares during the period. Finally, Mainstream Capital Management LLC boosted its position in shares of Walmart by 1.1% during the 4th quarter. Mainstream Capital Management LLC now owns 10,871 shares of the retailer's stock valued at $982,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Trading Down 1.1%

Shares of WMT stock traded down $1.04 on Thursday, reaching $96.22. 19,330,541 shares of the stock were exchanged, compared to its average volume of 17,951,949. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The stock has a market cap of $767.85 billion, a PE ratio of 41.12, a P/E/G ratio of 4.78 and a beta of 0.69. The stock has a 50 day moving average price of $96.65 and a 200 day moving average price of $94.20.

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

Walmart Dividend Announcement

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the completion of the sale, the chief executive officer now owns 4,480,347 shares in the company, valued at approximately $422,003,883.93. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,295 shares of company stock worth $11,801,762 over the last ninety days. Company insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Stifel Nicolaus cut their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Mizuho upped their price target on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Finally, Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.50.

Walmart 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.