TD Private Client Wealth LLC Acquires 3,043 Shares of Walmart Inc. (NYSE:WMT)

TD Private Client Wealth LLC boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,352 shares of the retailer's stock after acquiring an additional 3,043 shares during the quarter. TD Private Client Wealth LLC's holdings in Walmart were worth $7,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Norges Bank purchased a new stake in Walmart during the 4th quarter valued at $5,737,355,000. GAMMA Investing LLC raised its stake in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after buying an additional 7,860,306 shares during the last quarter. Northern Trust Corp raised its stake in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after buying an additional 3,550,037 shares during the last quarter. APG Asset Management N.V. raised its stake in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after buying an additional 3,512,368 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after buying an additional 3,182,477 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of Walmart stock traded down $2.32 during trading on Tuesday, reaching $97.04. 3,328,199 shares of the stock traded hands, compared to its average volume of 17,994,567. The company has a market capitalization of $774.38 billion, a price-to-earnings ratio of 41.47, a P/E/G ratio of 4.73 and a beta of 0.68. The business has a fifty day simple moving average of $97.22 and a two-hundred day simple moving average of $94.41. 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 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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 firm 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%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president directly owned 630,518 shares of the company's stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Two equities 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's stock. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

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.