Caisse Des Depots ET Consignations Buys New Shares in Walmart Inc. (NYSE:WMT)

Caisse Des Depots ET Consignations purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 143,322 shares of the retailer's stock, valued at approximately $12,949,000. Walmart comprises about 0.6% of Caisse Des Depots ET Consignations' holdings, making the stock its 21st largest holding.

Several other large investors also recently made changes to their positions in the stock. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter valued at about $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the fourth quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart during the third quarter valued at approximately $43,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Jefferies Financial Group increased their target price on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $103.17.

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Walmart Trading Down 0.6 %

NYSE:WMT traded down $0.55 during mid-day trading on Friday, hitting $85.08. The company had a trading volume of 14,780,407 shares, compared to its average volume of 16,910,594. The business's fifty day moving average is $94.62 and its two-hundred day moving average is $89.32. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market cap of $682.04 billion, a P/E ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared 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. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is 39.00%.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock worth $14,096,140 over the last three months. Corporate insiders own 45.58% of the company's stock.

About Walmart

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.