LGT Group Foundation Acquires 1,296 Shares of Walmart Inc. (NYSE:WMT)

LGT Group Foundation lifted its holdings in Walmart Inc. (NYSE:WMT) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,857 shares of the retailer’s stock after purchasing an additional 1,296 shares during the period. LGT Group Foundation’s holdings in Walmart were worth $5,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WMT. Swedbank AB increased its holdings in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in Walmart by 108.8% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,574 shares of the retailer’s stock worth $127,000 after acquiring an additional 820 shares in the last quarter. Lansing Street Advisors increased its holdings in Walmart by 3.8% in the 3rd quarter. Lansing Street Advisors now owns 3,916 shares of the retailer’s stock worth $316,000 after acquiring an additional 145 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Walmart by 66.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,037,249 shares of the retailer’s stock worth $245,258,000 after acquiring an additional 1,213,162 shares in the last quarter. Finally, Forum Financial Management LP increased its holdings in Walmart by 3.6% in the 3rd quarter. Forum Financial Management LP now owns 72,203 shares of the retailer’s stock worth $5,830,000 after acquiring an additional 2,477 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMT shares. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Bank of America increased their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday. Finally, UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $103.07.

Walmart Stock Down 1.1 %

NYSE:WMT opened at $97.49 on Tuesday. Walmart Inc. has a twelve month low of $58.40 and a twelve month high of $105.30. The company has a market cap of $783.17 billion, a price-to-earnings ratio of 40.45, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The stock has a fifty day simple moving average of $96.04 and a 200-day simple moving average of $87.88. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.96%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.