Norinchukin Bank The Buys 27,633 Shares of Walmart Inc. $WMT

Key Points

• Norinchukin Bank increased its stake in Walmart by 13.9%, acquiring an additional 27,633 shares, bringing its total holdings to 226,044 shares valued at approximately $19.8 million.
• Walmart's stock is currently showing a growth of 1.1% and has a market capitalization of $817.08 billion with a P/E ratio of 43.75.
• Walmart announced a dividend of $0.235 per share, set to be paid on September 2nd, with an ex-dividend date of August 15th, reflecting a yield of 90.0%.

Norinchukin Bank The increased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 13.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 226,044 shares of the retailer's stock after acquiring an additional 27,633 shares during the period. Norinchukin Bank The's holdings in Walmart were worth $19,844,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC increased its holdings in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares during the last quarter. Bear Mountain Capital Inc. increased its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Finally, Lipe & Dalton lifted its stake in Walmart by 95.2% in the 1st 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 currently owned by institutional investors.

Walmart Stock Up 1.1%

WMT opened at $102.3860 on Thursday. The stock has a fifty day moving average of $97.88 and a 200-day moving average of $95.67. The company has a market capitalization of $817.08 billion, a P/E ratio of 43.75, a P/E/G ratio of 4.86 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $74.59 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart Announces Dividend

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

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president owned 650,977 shares of the company's stock, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.24, for a total value of $380,960.00. Following the transaction, the executive vice president owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,841 shares of company stock worth $8,161,365. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Robert W. Baird raised their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, KeyCorp upped their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $109.89.

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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