Walmart Inc. (NYSE:WMT) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Walmart Inc. (NYSE:WMT) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,148 shares of the retailer’s stock after purchasing an additional 428 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Walmart were worth $5,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Bear Mountain Capital Inc. boosted its position in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after acquiring an additional 167 shares during the period. EQ Wealth Advisors LLC acquired a new stake in Walmart during the 1st quarter worth about $35,000. Lipe & Dalton boosted its position in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer’s stock worth $36,000 after acquiring an additional 200 shares during the period. Mizuho Bank Ltd. acquired a new stake in Walmart during the 4th quarter worth about $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart during the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $97.57 on Tuesday. The stock’s fifty day moving average is $96.75 and its 200-day moving average is $94.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $778.65 billion, a PE ratio of 41.70, a PEG ratio of 4.69 and a beta of 0.68. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is presently 40.17%.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,744 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the transaction, the executive vice president owned 649,233 shares of the company’s stock, valued at $62,066,674.80. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,112 shares of company stock valued at $14,078,027. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMT. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, Robert W. Baird lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $106.67.

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.