Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 317,339 Shares of Walmart Inc. (NYSE:WMT)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 80.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,958 shares of the retailer's stock after selling 317,339 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Walmart were worth $6,863,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Walmart in the fourth quarter worth $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the fourth quarter valued at $2,306,627,000. Jennison Associates LLC increased its position in Walmart by 37.1% during the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after acquiring an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp increased its position in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp increased its position in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.1%

WMT opened at $98.10 on Tuesday. The stock's fifty day moving average is $91.45 and its two-hundred day moving average is $92.66. The company has a market capitalization of $784.89 billion, a P/E ratio of 40.71, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52 week low of $63.87 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Analyst Ratings Changes

A number of analysts recently commented on WMT shares. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Piper Sandler boosted 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. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Buying and Selling at Walmart

In other news, EVP Christopher James Nicholas sold 17,600 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares of the company's stock, valued at $32,891,867.94. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,035 shares of company stock valued at $12,445,082. 45.58% of the stock is currently owned by corporate 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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