Neuberger Berman Group LLC Sells 1,238,374 Shares of Walmart Inc. (NYSE:WMT)

Neuberger Berman Group LLC cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,114,095 shares of the retailer's stock after selling 1,238,374 shares during the period. Neuberger Berman Group LLC owned approximately 0.09% of Walmart worth $642,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Walmart during the 4th quarter worth about $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $2,306,627,000. Jennison Associates LLC grew its stake in Walmart by 37.1% during the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock worth $2,289,419,000 after buying an additional 6,860,189 shares during the period. Bank of New York Mellon Corp increased its position in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Walmart by 1,707.6% in the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after acquiring an additional 3,512,368 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. 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. Citigroup reiterated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Walmart Stock Up 1.5 %

Shares of WMT traded up $1.37 during trading hours on Monday, hitting $94.17. 11,658,197 shares of the company were exchanged, compared to its average volume of 17,636,153. Walmart Inc. has a 52 week low of $58.56 and a 52 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's 50 day moving average is $92.43 and its 200-day moving average is $89.95. The company has a market cap of $754.95 billion, a PE ratio of 39.07, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $178.83 billion. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock valued at $16,785,080 in the last three months. Company insiders own 45.58% of the company's stock.

Walmart Company 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.