Van Lanschot Kempen Investment Management N.V. Acquires 3,877 Shares of Walmart Inc. $WMT

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in Walmart Inc. by 5.1%, now holding a total of 80,408 shares valued at approximately $7,059,000.
• Walmart has recently announced a dividend of $0.235 per share, to be paid on September 2nd, with a dividend yield of 90.0%.
• According to recent analyst reports, Walmart has received multiple upgrades, with a consensus target price of $109.89, and an average rating of "Buy."

Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,408 shares of the retailer's stock after purchasing an additional 3,877 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Walmart were worth $7,059,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WMT. Eagle Capital Management LLC raised its position in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after acquiring an additional 485 shares during the period. Highview Capital Management LLC DE raised its holdings in shares of Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Walmart by 92.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 75,884 shares of the retailer's stock valued at $6,856,000 after purchasing an additional 36,475 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Up 0.6%

NYSE:WMT opened at $101.3140 on Wednesday. Walmart Inc. has a one year low of $73.72 and a one year high of $105.30. The business has a fifty day moving average price of $97.74 and a 200-day moving average price of $95.62. The firm has a market capitalization of $808.53 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 4.84 and a beta of 0.66. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Robert W. Baird raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. increased their target price on Walmart from $112.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $109.89.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the sale, the executive vice president directly owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. This represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,989 shares of company stock worth $10,976,478 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

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.

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