Gulf International Bank UK Ltd cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 253,808 shares of the retailer's stock after selling 92,259 shares during the quarter. Walmart accounts for about 0.8% of Gulf International Bank UK Ltd's portfolio, making the stock its 21st biggest position. Gulf International Bank UK Ltd's holdings in Walmart were worth $22,281,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. National Pension Service raised its stake in shares of Walmart by 4.8% in the first quarter. National Pension Service now owns 9,313,331 shares of the retailer's stock worth $817,617,000 after purchasing an additional 430,297 shares during the last quarter. Klingman & Associates LLC raised its stake in shares of Walmart by 2.0% in the first quarter. Klingman & Associates LLC now owns 9,346 shares of the retailer's stock worth $820,000 after purchasing an additional 187 shares during the last quarter. Fox Hill Wealth Management increased its position in shares of Walmart by 5.1% during the first quarter. Fox Hill Wealth Management now owns 15,082 shares of the retailer's stock valued at $1,324,000 after acquiring an additional 726 shares during the last quarter. Dagco Inc. purchased a new stake in shares of Walmart during the first quarter valued at approximately $119,000. Finally, LGT Group Foundation increased its position in shares of Walmart by 7.1% during the first quarter. LGT Group Foundation now owns 63,020 shares of the retailer's stock valued at $5,533,000 after acquiring an additional 4,163 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
WMT has been the subject of a number of research analyst reports. Tigress Financial increased their price target on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Evercore ISI increased their price target on Walmart from $107.00 to $108.00 and gave the company an "outperform" rating in a research report on Tuesday. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. KeyCorp increased their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. One research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $106.70.
View Our Latest Stock Analysis on Walmart
Walmart Trading Down 0.2%
Shares of WMT stock opened at $103.68 on Wednesday. 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 business has a 50-day moving average price of $97.46 and a two-hundred day moving average price of $95.51. Walmart Inc. has a 12-month low of $67.14 and a 12-month high of $105.30. The firm has a market cap of $827.41 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 5.00 and a beta of 0.66.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 90.0%. Walmart's dividend payout ratio is currently 40.17%.
Insider Activity at Walmart
In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the sale, the executive vice president directly owned 932,313 shares in the company, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Friday, August 1st. The shares were 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 represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,112 shares of company stock worth $14,080,073 over the last three months. Corporate insiders own 0.10% of the company's stock.
About Walmart
(
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.
Further Reading
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