Walmart Inc. $WMT Shares Acquired by Nan Shan Life Insurance Co. Ltd.

Key Points

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Nan Shan Life Insurance Co. Ltd. lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,153,788 shares of the retailer's stock after buying an additional 219,690 shares during the period. Walmart comprises approximately 2.4% of Nan Shan Life Insurance Co. Ltd.'s portfolio, making the stock its 10th biggest position. Nan Shan Life Insurance Co. Ltd.'s holdings in Walmart were worth $101,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Operose Advisors LLC raised its holdings in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. raised its holdings in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after buying an additional 294 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart during the first quarter valued at about $35,000. Finally, Lipe & Dalton raised its holdings in Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim restated a "buy" rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a report on Monday. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Thursday, August 14th. Mizuho restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Wednesday, August 13th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $110.00 price objective (up from $108.00) on shares of Walmart in a research note on Monday. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $109.89.

Walmart Stock Up 0.7%

NYSE WMT opened at $100.65 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average is $97.67 and its two-hundred day moving average is $95.58. The company has a market capitalization of $803.23 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 4.80 and a beta of 0.66. Walmart Inc. has a 1-year low of $73.34 and a 1-year high of $105.30.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.235 per share. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's payout ratio is presently 40.17%.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer directly owned 4,412,398 shares in the company, valued at $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,334 shares of company stock valued at $13,526,350. Corporate insiders own 0.10% 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.

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