Polar Capital Holdings Plc raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,186 shares of the retailer's stock after buying an additional 7,616 shares during the quarter. Polar Capital Holdings Plc's holdings in Walmart were worth $30,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Quadcap Wealth Management LLC grew its holdings in Walmart by 106.3% during the 4th quarter. Quadcap Wealth Management LLC now owns 55,308 shares of the retailer's stock valued at $4,997,000 after buying an additional 28,493 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Walmart by 11.2% during the 4th quarter. Quantinno Capital Management LP now owns 732,719 shares of the retailer's stock valued at $66,201,000 after buying an additional 73,966 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in Walmart during the 4th quarter valued at approximately $5,789,000. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Walmart by 9.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 1,706,195 shares of the retailer's stock valued at $156,390,000 after purchasing an additional 150,852 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. purchased a new position in shares of Walmart in the fourth quarter valued at $84,396,000. 26.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on WMT shares. Royal Bank of Canada reissued an "outperform" rating and issued a $102.00 target price on shares of Walmart in a report on Tuesday, May 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Monday. Mizuho started coverage on shares of Walmart in a report on Friday, April 11th. They issued an "outperform" rating and a $105.00 target price for the company. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Two 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.94.
Check Out Our Latest Stock Report on WMT
Walmart Stock Performance
Shares of Walmart stock opened at $96.31 on Friday. The firm has a market cap of $770.57 billion, a P/E ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $62.94 and a 12 month high of $105.30. The stock's fifty day moving average price is $90.98 and its 200-day moving average price is $92.29.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued 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 presently 39.00%.
Insiders Place Their Bets
In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,857 shares of company stock worth $12,444,743. 45.58% of the stock is owned by corporate insiders.
Walmart Company Profile
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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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