Livforsakringsbolaget Skandia Omsesidigt Buys 8,700 Shares of Walmart Inc. (NYSE:WMT)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,053 shares of the retailer's stock after purchasing an additional 8,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Walmart were worth $8,892,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after buying an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC grew its stake in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares in the last quarter. Norges Bank bought a new stake in Walmart during the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC lifted its stake in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WMT shares. Roth Mkm restated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Piper Sandler raised their price target on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Stock Down 0.1%

Shares of NYSE:WMT traded down $0.09 during trading on Friday, hitting $94.74. The stock had a trading volume of 7,118,418 shares, compared to its average volume of 17,851,569. The company has a market capitalization of $758.04 billion, a PE ratio of 39.33, a PEG ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm's fifty day moving average is $95.54 and its 200 day moving average is $94.04. Walmart Inc. has a 12 month low of $65.95 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. Analysts anticipate 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 paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

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.