Walmart Inc. $WMT Shares Sold by State Farm Mutual Automobile Insurance Co.

State Farm Mutual Automobile Insurance Co. lessened its holdings in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,994,947 shares of the retailer’s stock after selling 254,203 shares during the period. Walmart accounts for approximately 3.4% of State Farm Mutual Automobile Insurance Co.’s investment portfolio, making the stock its 7th biggest holding. State Farm Mutual Automobile Insurance Co.’s holdings in Walmart were worth $4,018,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 435,652,710 shares of the retailer’s stock valued at $44,898,368,000 after buying an additional 3,835,200 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Walmart by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after purchasing an additional 263,718 shares during the last quarter. Norges Bank acquired a new stake in shares of Walmart in the 2nd quarter valued at about $5,367,770,000. Fisher Asset Management LLC grew its stake in Walmart by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 40,298,623 shares of the retailer’s stock worth $4,153,176,000 after buying an additional 634,211 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Walmart by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock worth $3,126,775,000 after buying an additional 1,098,342 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Walmart

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Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. BTIG Research reiterated a “buy” rating and issued a $140.00 price objective on shares of Walmart in a research note on Friday, February 20th. The Goldman Sachs Group restated a “buy” rating and set a $138.00 target price on shares of Walmart in a research report on Friday, February 20th. KeyCorp reiterated an “overweight” rating and issued a $145.00 price target (up from $128.00) on shares of Walmart in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $120.00 price target on shares of Walmart in a research note on Friday, February 20th. Finally, Mizuho lifted their price objective on shares of Walmart from $125.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.42.

Check Out Our Latest Stock Report on Walmart

Walmart Stock Performance

Shares of WMT opened at $127.10 on Tuesday. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 46.39, a P/E/G ratio of 5.03 and a beta of 0.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.24 and a current ratio of 0.79. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $134.69. The company’s fifty day moving average is $120.73 and its two-hundred day moving average is $110.37.

Walmart (NASDAQ:WMTGet Free Report) last released its earnings results on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $190.66 billion during the quarter, compared to analysts’ expectations of $188.37 billion. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be issued a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 11th. Walmart’s payout ratio is currently 34.31%.

Insider Activity at Walmart

In other news, EVP Christopher James Nicholas sold 34,082 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $122.00, for a total transaction of $4,158,004.00. Following the completion of the transaction, the executive vice president directly owned 533,466 shares of the company’s stock, valued at approximately $65,082,852. This represents a 6.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $122.27, for a total value of $2,445,400.00. Following the completion of the sale, the executive vice president directly owned 506,764 shares of the company’s stock, valued at $61,962,034.28. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 259,703 shares of company stock worth $31,585,043 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Walmart Company Profile

(Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

Further Reading

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Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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