Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 934,098 shares of the retailer's stock, valued at approximately $84,396,000. Walmart accounts for 2.0% of Nan Shan Life Insurance Co. Ltd.'s investment portfolio, making the stock its 10th largest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors raised its holdings in Walmart by 7.6% during 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 during the period. Candriam S.C.A. boosted its stake in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Modera Wealth Management LLC lifted its stake in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after buying an additional 9,292 shares during the period. Cushing Capital Partners LLC acquired a new stake in shares of Walmart in the fourth quarter worth $1,124,000. Finally, Campbell Wealth Management acquired a new position in shares of Walmart in the 4th quarter valued at $359,000. Institutional investors own 26.76% of the company's stock.
Insider Transactions at Walmart
In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,857 shares of company stock worth $12,444,743. 45.58% of the stock is currently owned by company insiders.
Walmart Price Performance
Shares of NYSE WMT opened at $95.86 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $766.97 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a twelve month low of $59.44 and a twelve month high of $105.30. The business has a 50 day simple moving average of $90.70 and a 200-day simple moving average of $92.16.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, 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 declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is 39.00%.
Analyst Ratings Changes
Several research firms recently commented on WMT. StockNews.com raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Truist Financial reduced their price target on shares of Walmart from $111.00 to $107.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Raymond James cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus decreased their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.94.
View Our Latest Stock Report on WMT
About Walmart
(
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.
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