Conning Inc. reduced its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,602 shares of the retailer's stock after selling 5,280 shares during the quarter. Conning Inc.'s holdings in Walmart were worth $5,935,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the fourth quarter worth about $2,306,627,000. GAMMA Investing LLC boosted its holdings in Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Northern Trust Corp grew its position in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after buying an additional 3,512,368 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Price Performance
Walmart stock opened at $98.29 on Friday. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a 50 day moving average price of $97.07 and a 200 day moving average price of $94.33. The company has a market cap of $784.40 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 4.70 and a beta of 0.68.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The company also recently disclosed 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 was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is 40.17%.
Insider Transactions at Walmart
In related news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president directly owned 630,518 shares in the company, valued at approximately $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 quarter, insiders sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on WMT shares. DA Davidson restated a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Robert W. Baird raised their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Tigress Financial boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.67.
View Our Latest Stock Report on Walmart
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.
Further Reading
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
