Walmart Inc. (NYSE:WMT) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the retailer's stock after acquiring an additional 3,600 shares during the period. Intact Investment Management Inc.'s holdings in Walmart were worth $1,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors lifted its stake in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares during the period. Candriam S.C.A. lifted its stake in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after acquiring an additional 599,257 shares during the period. Modera Wealth Management LLC lifted its stake in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after acquiring an additional 9,292 shares during the period. Cushing Capital Partners LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $1,124,000. Finally, GWN Securities Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $4,658,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,294 shares of company stock valued at $12,656,659. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Walmart stock opened at $96.16 on Friday. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The firm has a market capitalization of $767.41 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 4.69 and a beta of 0.69. The company has a fifty day simple moving average of $96.39 and a 200-day simple moving average of $94.15. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared 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 was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

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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