Bank Julius Baer & Co. Ltd Zurich lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,106,074 shares of the retailer's stock after selling 324,408 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Walmart were worth $97,102,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in WMT. Y Intercept Hong Kong Ltd lifted its holdings in shares of Walmart by 236.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 115,217 shares of the retailer's stock worth $10,115,000 after purchasing an additional 80,952 shares during the period. Guidance Capital Inc. lifted its holdings in Walmart by 11.7% in the first quarter. Guidance Capital Inc. now owns 12,865 shares of the retailer's stock valued at $1,129,000 after acquiring an additional 1,344 shares during the period. Oakwell Private Wealth Management LLC lifted its holdings in Walmart by 16.2% in the first quarter. Oakwell Private Wealth Management LLC now owns 6,895 shares of the retailer's stock valued at $605,000 after acquiring an additional 960 shares during the period. Flynn Zito Capital Management LLC lifted its holdings in Walmart by 12.7% in the first quarter. Flynn Zito Capital Management LLC now owns 8,208 shares of the retailer's stock valued at $721,000 after acquiring an additional 927 shares during the period. Finally, Hartford Funds Management Co LLC acquired a new position in Walmart in the first quarter valued at approximately $1,125,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Analyst Upgrades and Downgrades
WMT has been the subject of several research analyst reports. Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. DA Davidson restated a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.
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Walmart Stock Performance
Shares of WMT stock traded up $0.21 during midday trading on Tuesday, hitting $95.88. The company had a trading volume of 2,685,936 shares, compared to its average volume of 18,077,799. The company's 50 day simple moving average is $96.81 and its 200 day simple moving average is $94.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The stock has a market cap of $765.15 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 4.57 and a beta of 0.68. 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 (NYSE:WMT - Get Free Report) last announced its 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. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.
Insiders Place Their Bets
In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the transaction, the executive vice president owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of Walmart stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at approximately $62,066,674.80. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,820 shares of company stock worth $14,584,875. Corporate insiders own 45.58% of the company's stock.
About Walmart
(
Free Report)
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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