Walmart Inc. (NYSE:WMT) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,686,790 shares of the retailer's stock after selling 23,692 shares during the quarter. Walmart makes up about 2.1% of OMERS ADMINISTRATION Corp's investment portfolio, making the stock its 11th largest holding. OMERS ADMINISTRATION Corp's holdings in Walmart were worth $242,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Vanguard Group Inc. boosted its holdings in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank bought a new stake in shares of Walmart during the 4th quarter valued at about $5,737,355,000. Fisher Asset Management LLC raised its stake in Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares during the period. Finally, Northern Trust Corp lifted its holdings in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $96.75 on Tuesday. The company has a market capitalization of $774.09 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a fifty day moving average of $90.68 and a 200-day moving average of $92.14. Walmart Inc. has a one year low of $59.44 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business 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 analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal 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 given a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WMT shares. Royal Bank of Canada reiterated an "outperform" rating and set a $102.00 price target on shares of Walmart in a research report on Tuesday, May 6th. KeyCorp increased their target price on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Finally, Piper Sandler lifted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $103.94.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 owns 632,718 shares of the company's stock, valued at approximately $61,607,751.66. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,857 shares of company stock worth $12,444,743. 45.58% of the stock is currently owned by company insiders.

Walmart Company 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.

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