Forsta AP Fonden Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Forsta AP Fonden increased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,149,100 shares of the retailer's stock after buying an additional 9,800 shares during the period. Walmart accounts for about 0.7% of Forsta AP Fonden's portfolio, making the stock its 20th largest holding. Forsta AP Fonden's holdings in Walmart were worth $103,821,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Robeco Institutional Asset Management B.V. boosted its stake in Walmart by 18.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,584,166 shares of the retailer's stock valued at $323,829,000 after purchasing an additional 546,917 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Walmart by 4.8% during the fourth quarter. Sumitomo Life Insurance Co. now owns 118,144 shares of the retailer's stock worth $10,674,000 after buying an additional 5,402 shares in the last quarter. R Squared Ltd bought a new stake in shares of Walmart in the fourth quarter valued at about $246,000. Foster Group Inc. grew its stake in shares of Walmart by 33.3% in the fourth quarter. Foster Group Inc. now owns 20,111 shares of the retailer's stock valued at $1,817,000 after acquiring an additional 5,023 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC increased its position in Walmart by 73.1% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 8,176 shares of the retailer's stock worth $739,000 after acquiring an additional 3,453 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 0.7 %

WMT traded down $0.68 during trading on Friday, hitting $97.97. 16,379,679 shares of the company's stock were exchanged, compared to its average volume of 15,055,752. The stock has a market cap of $787.00 billion, a P/E ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The business's 50 day moving average is $92.91 and its two-hundred day moving average is $82.90. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $99.00. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. DZ Bank downgraded shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 price objective for the company. in a report on Thursday, November 21st. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, November 18th. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $95.11.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company's stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,177 shares of company stock valued at $12,649,328 over the last 90 days. Insiders own 45.58% of the company's stock.

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.