Walmart Inc. (NYSE:WMT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp has reduced its stake in Walmart Inc. by 13.4%, now holding 2,513,225 shares valued at approximately $220.64 million.
• Walmart's stock currently holds a consensus rating of "Moderate Buy", with a target price averaging $106.67.
• Recently, several institutional investors have increased their positions in Walmart, including Bear Mountain Capital, which raised its stake by 98.2% in the first quarter.

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,513,225 shares of the retailer's stock after selling 388,740 shares during the period. Walmart makes up 0.6% of Mitsubishi UFJ Trust & Banking Corp's investment portfolio, making the stock its 27th largest holding. Mitsubishi UFJ Trust & Banking Corp's holdings in Walmart were worth $220,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Bear Mountain Capital Inc. raised its position in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the first quarter worth about $35,000. Lipe & Dalton grew its holdings in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after buying an additional 200 shares in the last quarter. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart during the first quarter worth about $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Raymond James Financial lowered their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Up 0.4%

Shares of NYSE:WMT opened at $98.40 on Friday. The stock has a market capitalization of $785.27 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 4.72 and a beta of 0.66. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company's fifty day moving average is $96.86 and its two-hundred day moving average is $95.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

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

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the transaction, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,912 shares of company stock valued at $13,863,813 in the last ninety days. 45.58% of the stock is owned by 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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