Achmea Investment Management B.V. grew its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 867,395 shares of the retailer's stock after acquiring an additional 76,652 shares during the period. Walmart accounts for 1.1% of Achmea Investment Management B.V.'s investment portfolio, making the stock its 10th biggest holding. Achmea Investment Management B.V.'s holdings in Walmart were worth $76,149,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Jaffetilchin Investment Partners LLC grew its holdings in shares of Walmart by 14.8% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 39,922 shares of the retailer's stock valued at $3,505,000 after acquiring an additional 5,142 shares in the last quarter. Legacy CG LLC grew its holdings in shares of Walmart by 0.7% during the 1st quarter. Legacy CG LLC now owns 83,565 shares of the retailer's stock valued at $7,336,000 after acquiring an additional 611 shares in the last quarter. Canvas Wealth Advisors LLC grew its holdings in shares of Walmart by 0.9% during the 1st quarter. Canvas Wealth Advisors LLC now owns 17,709 shares of the retailer's stock valued at $1,680,000 after acquiring an additional 151 shares in the last quarter. Scott & Selber Inc. grew its holdings in shares of Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares in the last quarter. Finally, Cornerstone Enterprises LLC grew its holdings in shares of Walmart by 8.3% during the 1st quarter. Cornerstone Enterprises LLC now owns 16,006 shares of the retailer's stock valued at $1,405,000 after acquiring an additional 1,224 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the transaction, the chief executive officer now owns 4,480,347 shares of the company's stock, valued at $422,003,883.93. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated 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 now directly owns 1,060,455 shares of the company's stock, valued at $100,997,734.20. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,711 shares of company stock valued at $13,688,803. Insiders own 45.58% of the company's stock.
Walmart Stock Up 1.4%
Shares of WMT opened at $97.41 on Friday. The company has a 50-day simple moving average of $96.80 and a 200-day simple moving average of $94.24. The firm has a market capitalization of $777.37 billion, a P/E ratio of 41.63, a P/E/G ratio of 4.69 and a beta of 0.69. 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 Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during 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%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.
Analyst Ratings Changes
Several equities analysts have recently commented on WMT shares. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Raymond James Financial decreased their price objective 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. Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Finally, Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. 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 stock. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.
Get Our Latest Analysis on WMT
Walmart Company Profile
(
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.
See Also
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