Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 8.1% during the 1st quarter, HoldingsChannel reports. The firm owned 65,798 shares of the retailer’s stock after purchasing an additional 4,926 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Walmart were worth $5,776,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Vanguard Group Inc. grew its position in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart during the 4th quarter worth $5,737,355,000. Northern Trust Corp boosted its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after purchasing an additional 514,036 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.
Walmart Price Performance
NYSE:WMT opened at $95.11 on Thursday. The business’s 50-day moving average price is $96.89 and its 200 day moving average price is $94.56. The firm has a market cap of $759.04 billion, a P/E ratio of 40.65, a PEG ratio of 4.59 and a beta of 0.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.
Walmart Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Mizuho boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Raymond James Financial cut their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $106.67.
Get Our Latest Stock Analysis on Walmart
Insider Activity at Walmart
In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares of the company’s stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the transaction, the executive vice president directly owned 650,977 shares in the company, valued at $61,693,090.29. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,951 shares of company stock worth $13,543,436. 45.58% of the stock is currently owned by corporate insiders.
Walmart 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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