Walmart Inc. (NYSE:WMT) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 32.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 660,500 shares of the retailer's stock after purchasing an additional 163,500 shares during the period. Walmart makes up approximately 0.5% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 20th biggest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Walmart were worth $59,676,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

WMT stock traded up $0.46 during midday trading on Monday, hitting $83.65. 36,845,575 shares of the stock were exchanged, compared to its average volume of 17,253,447. 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 stock's 50-day moving average price is $94.01 and its 200-day moving average price is $89.67. The stock has a market cap of $670.59 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 4.42 and a beta of 0.69.

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Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Research analysts predict that Walmart Inc. will post 2.55 earnings per share 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 dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.12%. Walmart's payout ratio is currently 39.00%.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent research reports. Wells Fargo & Company upped their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a research report on Thursday, March 20th. Finally, DZ Bank upgraded 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. 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $103.17.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,852 shares of company stock valued at $16,785,080. 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.