Walmart Inc. (NYSE:WMT) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Walmart Inc. (NYSE:WMT) by 15.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 737,864 shares of the retailer’s stock after purchasing an additional 99,545 shares during the period. Walmart makes up about 0.7% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 29th largest position. BI Asset Management Fondsmaeglerselskab A S’s holdings in Walmart were worth $66,666,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $169,753,000. Coastline Trust Co increased its stake in Walmart by 20.7% in the 4th quarter. Coastline Trust Co now owns 42,662 shares of the retailer’s stock valued at $3,855,000 after purchasing an additional 7,310 shares in the last quarter. Dnca Finance purchased a new position in Walmart in the 4th quarter valued at approximately $20,991,000. Elevatus Welath Management raised its holdings in Walmart by 30.6% during the fourth quarter. Elevatus Welath Management now owns 6,671 shares of the retailer’s stock worth $603,000 after purchasing an additional 1,562 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Walmart by 8.7% during the fourth quarter. First Trust Advisors LP now owns 2,996,064 shares of the retailer’s stock worth $270,694,000 after purchasing an additional 238,714 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMT. Royal Bank of Canada cut their price target on Walmart from $107.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. StockNews.com cut shares of Walmart from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Walmart in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Trading Up 2.2 %

WMT opened at $93.17 on Friday. The firm has a market capitalization of $746.93 billion, a P/E ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. The firm’s 50 day moving average is $91.52 and its 200-day moving average is $90.26. 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 Inc. has a 52-week low of $58.56 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.01%. Walmart’s dividend payout ratio is presently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,782 shares of company stock worth $16,785,305 in the last ninety days. 45.58% of the stock is owned by insiders.

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.