Walmart Inc. (NYSE:WMT) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,843,892 shares of the retailer's stock after purchasing an additional 233,040 shares during the period. Walmart comprises 0.8% of Nuveen Asset Management LLC's investment portfolio, making the stock its 18th biggest position. Nuveen Asset Management LLC owned approximately 0.37% of Walmart worth $2,696,396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart in the fourth quarter valued at $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Walmart Stock Up 2.0%

WMT stock traded up $1.91 during trading on Friday, reaching $98.26. The stock had a trading volume of 33,699,272 shares, compared to its average volume of 18,061,862. 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 firm has a fifty day moving average price of $90.98 and a 200 day moving average price of $92.29. The company has a market capitalization of $786.18 billion, a P/E ratio of 40.77, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1-year low of $62.94 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were 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 owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,857 shares of company stock worth $12,444,743. Insiders own 45.58% of the company's stock.

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.