TD Asset Management Inc Sells 18,582 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• TD Asset Management Inc sold 18,582 shares of Walmart, reducing its holdings by 0.7% to 2,740,587 shares, valued at approximately $240.6 million.
• Recent transactions showed insider selling as CEO C. Douglas McMillon and EVP Daniel J. Bartlett sold 19,416 and 1,744 shares, respectively, indicating slight decreases in their ownership stakes.
• Walmart's stock currently has a market cap of $777.72 billion and analysts have set an average price target of $106.67, with a consensus rating of "Moderate Buy."

TD Asset Management Inc cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,740,587 shares of the retailer's stock after selling 18,582 shares during the quarter. TD Asset Management Inc's holdings in Walmart were worth $240,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of WMT. Eagle Capital Management LLC raised its stake in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its stake in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE boosted its position in shares of Walmart by 4.9% in the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares during the period. Finally, Sava Infond d.o.o. purchased a new position in shares of Walmart during the 4th quarter valued at $203,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock traded up $0.85 during trading hours on Friday, reaching $97.45. The company had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. Walmart Inc. has a one year low of $66.67 and a one 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 business has a fifty day moving average price of $96.76 and a 200-day moving average price of $94.83. The firm has a market cap of $777.72 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 4.69 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm 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 business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on WMT shares. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Tigress Financial lifted their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Raymond James Financial lowered their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, UBS Group dropped their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $106.67.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the transaction, the executive vice president directly owned 649,233 shares in the company, valued at $62,066,674.80. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 126,696 shares of company stock worth $12,222,245 in the last ninety days. Corporate insiders own 45.58% of the company's stock.

About Walmart

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.