TD Asset Management Inc. Boosts Holdings in Walmart Inc. (NYSE:WMT)

TD Asset Management Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,759,169 shares of the retailer's stock after buying an additional 29,184 shares during the quarter. TD Asset Management Inc.'s holdings in Walmart were worth $249,291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the fourth quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new position in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walmart during the third quarter worth $43,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT traded down $0.55 on Friday, reaching $85.08. 14,780,407 shares of the company's stock traded hands, compared to its average volume of 16,910,594. The stock's 50 day simple moving average is $94.62 and its two-hundred day simple moving average is $89.25. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a market cap of $682.04 billion, a PE ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53.

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Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Royal Bank of Canada decreased their target price on Walmart from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Piper Sandler lifted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders sold 147,528 shares of company stock worth $14,096,140 over the last quarter. 45.58% of the stock is currently owned by company 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.