Skandinaviska Enskilda Banken AB publ Has $97.66 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Skandinaviska Enskilda Banken AB reduced its holdings in Walmart Inc. by 2.8% in the first quarter, now owning over 1.1 million shares valued at approximately $97.7 million.
• Analysts maintain a positive outlook on Walmart, with many updating their price targets; the stock currently has an average rating of "Moderate Buy" and an average price target of $106.67.
• Walmart recently declared a quarterly dividend of $0.235 per share, reflecting a yield of 0.95%, and has a dividend payout ratio of 40.17%.

Skandinaviska Enskilda Banken AB publ cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,112,001 shares of the retailer's stock after selling 31,826 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Walmart were worth $97,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors raised its holdings in Walmart by 7.6% in the fourth 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 in the last quarter. Full Sail Capital LLC raised its holdings in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after acquiring an additional 541 shares in the last quarter. Leslie Global Wealth LLC raised its holdings in Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after acquiring an additional 568 shares in the last quarter. Scalar Gauge Management LLC raised its holdings in Walmart by 76.9% in the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock valued at $6,234,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Monument Capital Management raised its holdings in Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after acquiring an additional 26,685 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WMT. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. 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 report on Friday, May 16th. Tigress Financial lifted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Mizuho lifted their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Up 0.9%

Shares of WMT traded up $0.85 on Friday, hitting $97.45. The company's stock had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average price is $96.76 and its 200-day moving average price is $94.81. The firm has a market capitalization of $777.72 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The business's revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business 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. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the sale, the chief executive officer owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,696 shares of company stock worth $12,222,245 in the last quarter. 45.58% of the stock is owned by company insiders.

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.