Walmart Inc. (NYSE:WMT) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 74.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 551,768 shares of the retailer's stock after selling 1,600,902 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Walmart were worth $49,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. American Money Management LLC acquired a new position in shares of Walmart during the fourth quarter valued at $381,000. Allianz SE acquired a new stake in Walmart in the 4th quarter valued at $14,879,000. Tucker Asset Management LLC grew its stake in Walmart by 88.2% in the fourth quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer's stock valued at $115,000 after purchasing an additional 596 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in Walmart by 0.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 560,069 shares of the retailer's stock worth $50,602,000 after buying an additional 1,895 shares during the last quarter. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,652 shares of company stock valued at $16,590,028 in the last three months. 45.58% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. UBS Group reissued a "buy" rating on shares of Walmart in a research report on Friday, February 28th. Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Evercore ISI lowered their price target on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

Walmart Trading Up 1.2 %

NYSE:WMT traded up $1.05 during trading hours on Wednesday, reaching $89.88. 19,058,138 shares of the stock were exchanged, compared to its average volume of 16,996,110. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $94.38 and a two-hundred day moving average of $89.52. The company has a market capitalization of $720.55 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts predict 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. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.05%. 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.