Raiffeisen Bank International AG Buys Shares of 69,041 Walmart Inc. (NYSE:WMT)

Raiffeisen Bank International AG bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 69,041 shares of the retailer's stock, valued at approximately $6,253,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter worth $37,000. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president now directly owns 632,718 shares of the company's stock, valued at approximately $61,607,751.66. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,857 shares of company stock valued at $12,444,743. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Up 2.0%

Shares of NYSE:WMT traded up $1.91 during midday trading on Friday, hitting $98.26. 33,699,272 shares of the company's stock were exchanged, compared to its average volume of 17,846,004. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a 50 day moving average price of $91.19 and a 200-day moving average price of $92.48. The company has a market cap of $786.18 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12 month low of $63.87 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its 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. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's payout ratio is 39.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WMT shares. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. StockNews.com upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Evercore ISI dropped their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.94.

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.