Walmart Inc. (NYSE:WMT) Shares Purchased by Global Assets Advisory LLC

Global Assets Advisory LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,615 shares of the retailer’s stock after buying an additional 307 shares during the period. Global Assets Advisory LLC’s holdings in Walmart were worth $1,225,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WMT. Vanguard Group Inc. increased its holdings in Walmart by 0.5% during the 4th 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 grew its position in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart during the fourth quarter worth approximately $5,737,355,000. Fisher Asset Management LLC raised its holdings in Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its stake 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. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,857 shares of company stock worth $12,444,743 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Down 0.7 %

WMT opened at $96.78 on Friday. The firm has a market cap of $774.33 billion, a P/E ratio of 40.16, a PEG ratio of 4.42 and a beta of 0.70. The business’s fifty day simple moving average is $90.66 and its 200 day simple moving average is $91.91. Walmart Inc. has a 52 week low of $59.44 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders 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 is presently 39.00%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird increased their price objective on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Truist Financial decreased their target price on Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Finally, StockNews.com raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $103.94.

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.