Walmart Inc. (NYSE:WMT) Shares Acquired by Allstate Corp

Allstate Corp lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3,209.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,380 shares of the retailer's stock after purchasing an additional 127,410 shares during the quarter. Allstate Corp's holdings in Walmart were worth $11,870,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth about $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walmart during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction dated 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 directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,528 shares of company stock worth $14,096,140 over the last 90 days. Company insiders own 45.58% of the company's stock.

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Walmart Stock Performance

Shares of WMT stock traded up $2.78 during midday trading on Monday, hitting $87.93. The company had a trading volume of 16,378,147 shares, compared to its average volume of 20,165,148. The stock has a market cap of $704.89 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company's 50 day simple moving average is $94.62 and its 200 day simple moving average is $89.40. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) 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. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company 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 dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart's dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Guggenheim reissued a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

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.