Resona Asset Management Co. Ltd. Has $133.79 Million Stake in Walmart Inc. (NYSE:WMT)

Resona Asset Management Co. Ltd. increased its stake in shares of Walmart Inc. (NYSE:WMT) by 6.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,530,781 shares of the retailer’s stock after acquiring an additional 94,913 shares during the period. Walmart accounts for about 0.8% of Resona Asset Management Co. Ltd.’s holdings, making the stock its 20th largest position. Resona Asset Management Co. Ltd.’s holdings in Walmart were worth $133,785,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Tlwm increased its holdings in shares of Walmart by 2.1% during the 1st quarter. Tlwm now owns 20,662 shares of the retailer’s stock valued at $1,814,000 after acquiring an additional 434 shares during the last quarter. Anfield Capital Management LLC increased its holdings in shares of Walmart by 5,549.8% during the 1st quarter. Anfield Capital Management LLC now owns 14,407 shares of the retailer’s stock valued at $1,265,000 after acquiring an additional 14,152 shares during the last quarter. Rossmore Private Capital increased its holdings in shares of Walmart by 1.5% during the 1st quarter. Rossmore Private Capital now owns 65,616 shares of the retailer’s stock valued at $5,760,000 after acquiring an additional 1,001 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Walmart during the 1st quarter valued at about $184,000. Finally, Trajan Wealth LLC increased its holdings in shares of Walmart by 4.3% during the 1st quarter. Trajan Wealth LLC now owns 221,441 shares of the retailer’s stock valued at $19,440,000 after acquiring an additional 9,229 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares of the company’s stock, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares of the company’s stock, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock worth $14,080,073 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus price target of $106.67.

Walmart Price Performance

Walmart stock opened at $104.01 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company has a market capitalization of $830.08 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 4.99 and a beta of 0.66. Walmart Inc. has a one year low of $67.14 and a one year high of $105.30. The business has a 50 day simple moving average of $97.38 and a 200 day simple moving average of $95.46.

Walmart (NYSE:WMT) 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 business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.235 per share. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart’s dividend payout ratio (DPR) is 40.17%.

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.