Walmart Inc. (NYSE:WMT) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,759,169 shares of the retailer’s stock after purchasing an additional 29,184 shares during the quarter. TD Asset Management Inc.’s holdings in Walmart were worth $249,291,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walmart during the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.8 %

Shares of NYSE:WMT opened at $87.56 on Tuesday. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm’s 50 day moving average price is $95.12 and its 200 day moving average price is $89.19. 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 stock has a market cap of $701.92 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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. The business had revenue of $180.55 billion for 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, equities research analysts predict 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. Stockholders 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 1.07%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,777 shares of company stock worth $18,001,116. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Jefferies Financial Group raised their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. KeyCorp boosted their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, February 25th. Finally, Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

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.