Mitsubishi UFJ Trust & Banking Corp Sells 216,747 Shares of Walmart Inc. (NYSE:WMT)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,901,965 shares of the retailer's stock after selling 216,747 shares during the period. Walmart comprises about 0.6% of Mitsubishi UFJ Trust & Banking Corp's investment portfolio, making the stock its 21st biggest holding. Mitsubishi UFJ Trust & Banking Corp's holdings in Walmart were worth $262,193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Coyle Financial Counsel LLC grew its position in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. grew its holdings in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after purchasing an additional 103 shares during the period. Blackston Financial Advisory Group LLC increased its position in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after buying an additional 106 shares in the last quarter. Van Strum & Towne Inc. increased its position in Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after buying an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC raised its stake in shares of Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock worth $505,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

NYSE:WMT opened at $87.56 on Tuesday. The firm has a market capitalization of $701.92 billion, a PE ratio of 36.33, a PEG ratio of 4.42 and a beta of 0.53. The stock's fifty day moving average is $95.12 and its 200 day moving average is $89.19. 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.

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Walmart (NYSE:WMT - Get Free Report) last announced 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 net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Telsey Advisory Group reissued an "outperform" rating on shares of Walmart in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.17.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on 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 of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction 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 sale, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is currently owned by insiders.

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.

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