Tokio Marine Asset Management Co. Ltd. Purchases 6,841 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Walmart by 5.3%, purchasing an additional 6,841 shares and raising its total holdings to 135,861 shares valued at approximately $11.9 million.
• Walmart's latest quarterly earnings showed an EPS of $0.61, exceeding analysts' expectations of $0.58, with revenue of $165.61 billion, a 2.5% year-over-year increase.
• The retailer plans to pay a $0.235 dividend per share on September 2nd, with an ex-dividend date of August 15th, reflecting a 90.0% yield.

Tokio Marine Asset Management Co. Ltd. increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,861 shares of the retailer's stock after purchasing an additional 6,841 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Walmart were worth $11,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Triglav Skladi D.O.O. boosted its stake in Walmart by 6.4% in the 1st quarter. Triglav Skladi D.O.O. now owns 309,942 shares of the retailer's stock worth $27,211,000 after purchasing an additional 18,536 shares in the last quarter. National Pension Service boosted its stake in Walmart by 4.8% in the 1st 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 in the last quarter. Klingman & Associates LLC boosted its stake in Walmart by 2.0% in the 1st quarter. Klingman & Associates LLC now owns 9,346 shares of the retailer's stock worth $820,000 after purchasing an additional 187 shares in the last quarter. Fox Hill Wealth Management boosted its stake in Walmart by 5.1% in the 1st quarter. Fox Hill Wealth Management now owns 15,082 shares of the retailer's stock worth $1,324,000 after purchasing an additional 726 shares in the last quarter. Finally, Dagco Inc. bought a new position in Walmart in the 1st quarter worth about $119,000. Institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.2%

Shares of WMT opened at $103.68 on Wednesday. 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 1 year low of $67.14 and a 1 year high of $105.30. The company has a 50 day simple moving average of $97.46 and a two-hundred day simple moving average of $95.51. 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 announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the firm posted $0.60 EPS. The company's revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of "Buy" and a consensus price target of $106.70.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the transaction, 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. Over the last 90 days, insiders sold 146,112 shares of company stock worth $14,080,073. Insiders own 0.10% of the company's stock.

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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