Walmart Inc. (NYSE:WMT) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,101,288 shares of the retailer's stock after acquiring an additional 8,119 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Walmart were worth $95,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Money Concepts Capital Corp raised its stake in Walmart by 33.8% during the 1st quarter. Money Concepts Capital Corp now owns 41,483 shares of the retailer's stock valued at $3,642,000 after acquiring an additional 10,479 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in shares of Walmart by 9.7% during the first quarter. Achmea Investment Management B.V. now owns 867,395 shares of the retailer's stock valued at $76,149,000 after purchasing an additional 76,652 shares during the period. Jaffetilchin Investment Partners LLC raised its stake in shares of Walmart by 14.8% during the first quarter. Jaffetilchin Investment Partners LLC now owns 39,922 shares of the retailer's stock valued at $3,505,000 after purchasing an additional 5,142 shares in the last quarter. Legacy CG LLC lifted its holdings in Walmart by 0.7% in the first quarter. Legacy CG LLC now owns 83,565 shares of the retailer's stock worth $7,336,000 after purchasing an additional 611 shares during the period. Finally, Canvas Wealth Advisors LLC lifted its holdings in Walmart by 0.9% in the first quarter. Canvas Wealth Advisors LLC now owns 17,709 shares of the retailer's stock worth $1,680,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the completion of the sale, the chief executive officer now owns 4,480,347 shares of the company's stock, valued at $422,003,883.93. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Monday, June 2nd. The stock was 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 now directly owns 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,711 shares of company stock valued at $13,688,803. Corporate insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.41 on Friday. The company has a market cap of $777.37 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. The company's fifty day moving average is $96.80 and its two-hundred day moving average is $94.24. 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 Inc. has a 12-month low of $66.67 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on WMT shares. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Mizuho boosted their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Raymond James Financial lowered their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Walmart 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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