Fullerton Fund Management Co Ltd. Has $208.47 Million Holdings in Walmart Inc. (NYSE:WMT)

Fullerton Fund Management Co Ltd. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 23.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,307,352 shares of the retailer’s stock after purchasing an additional 432,076 shares during the quarter. Walmart comprises 7.3% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Fullerton Fund Management Co Ltd.’s holdings in Walmart were worth $208,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart during the 4th quarter valued at approximately $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the sale, the executive vice president now owns 632,718 shares of the company’s stock, valued at approximately $61,607,751.66. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,857 shares of company stock valued at $12,444,743 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $96.78 on Friday. The firm has a fifty day simple moving average of $90.66 and a two-hundred day simple moving average of $91.91. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $59.44 and a 52 week high of $105.30. The stock has a market capitalization of $774.33 billion, a P/E ratio of 40.16, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 analysts’ expectations of $178.83 billion. On average, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is presently 39.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. KeyCorp lifted their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Evercore ISI dropped their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.94.

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.