UniSuper Management Pty Ltd Buys 56,763 Shares of Walmart Inc. (NYSE:WMT)

UniSuper Management Pty Ltd boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 963,184 shares of the retailer's stock after purchasing an additional 56,763 shares during the period. Walmart comprises approximately 0.6% of UniSuper Management Pty Ltd's holdings, making the stock its 25th largest position. UniSuper Management Pty Ltd's holdings in Walmart were worth $87,024,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WMT. Brophy Wealth Management LLC acquired a new position in shares of Walmart in the third quarter worth $2,072,000. Candriam S.C.A. grew its stake in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire increased its position in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Modera Wealth Management LLC raised its stake in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank lifted its holdings in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

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Walmart Stock Performance

WMT traded down $0.55 during trading on Friday, reaching $85.08. 14,780,407 shares of the company's stock were exchanged, compared to its average volume of 16,910,594. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a market capitalization of $682.04 billion, a P/E ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. 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 price of $94.62 and a 200 day moving average price of $89.32.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 given 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 1.10%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analyst Weigh In

Several analysts have commented on WMT shares. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Truist Financial upped their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Robert W. Baird raised their target price on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research report on Friday, February 28th. Finally, UBS Group reissued a "buy" rating on shares of Walmart in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.17.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % 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, CEO C Douglas Mcmillon sold 29,124 shares of the 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 in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock valued at $14,096,140 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

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.