Walmart Inc. (NYSE:WMT) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,000,387 shares of the retailer's stock after buying an additional 99,537 shares during the period. Walmart comprises about 0.5% of Zurcher Kantonalbank Zurich Cantonalbank's holdings, making the stock its 23rd largest position. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Walmart were worth $180,735,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WMT. Coyle Financial Counsel LLC grew its holdings in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. boosted its position in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after buying an additional 103 shares during the period. Blackston Financial Advisory Group LLC grew its stake in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after acquiring an additional 106 shares in the last quarter. Scarborough Advisors LLC increased its position in shares of Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock worth $505,000 after acquiring an additional 109 shares during the period. Finally, Dakota Community Bank & Trust NA raised its stake in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer's stock valued at $260,000 after acquiring an additional 110 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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Walmart Stock Performance

NYSE:WMT traded down $1.65 during midday trading on Wednesday, hitting $85.79. The company's stock had a trading volume of 7,787,593 shares, compared to its average volume of 15,763,618. 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 current ratio of 0.82 and a quick ratio of 0.23. The firm has a market cap of $689.18 billion, a P/E ratio of 35.52, a P/E/G ratio of 4.42 and a beta of 0.53. The firm's 50 day moving average is $96.07 and its 200-day moving average is $88.61.

Walmart (NYSE:WMT - Get Free Report) last issued its 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 analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WMT shares. Truist Financial increased their price objective on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. TD Cowen raised their price target on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Sanford C. Bernstein lifted their price objective on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. BMO Capital Markets increased their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Finally, Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $103.20.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by company insiders.

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.