Norinchukin Bank The Purchases 12,314 Shares of Walmart Inc. (NYSE:WMT)

Norinchukin Bank The boosted its position in Walmart Inc. (NYSE:WMT) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,411 shares of the retailer’s stock after buying an additional 12,314 shares during the period. Norinchukin Bank The’s holdings in Walmart were worth $17,926,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Walmart by 15.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 737,864 shares of the retailer’s stock worth $66,666,000 after purchasing an additional 99,545 shares in the last quarter. Capital Research Global Investors bought a new position in shares of Walmart during the 4th quarter worth approximately $169,753,000. Coastline Trust Co grew its position in shares of Walmart by 20.7% during the 4th quarter. Coastline Trust Co now owns 42,662 shares of the retailer’s stock worth $3,855,000 after buying an additional 7,310 shares during the period. Dnca Finance bought a new stake in shares of Walmart in the 4th quarter valued at $20,991,000. Finally, Elevatus Welath Management lifted its position in shares of Walmart by 30.6% during the 4th quarter. Elevatus Welath Management now owns 6,671 shares of the retailer’s stock valued at $603,000 after acquiring an additional 1,562 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,782 shares of company stock valued at $16,785,305 in the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Evercore ISI decreased their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Stock Performance

NYSE WMT opened at $93.17 on Friday. The company has a market capitalization of $746.93 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The company has a 50-day simple moving average of $91.52 and a 200 day simple moving average of $90.26.

Walmart (NYSE:WMT) last issued its quarterly 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 company had revenue of $180.55 billion during 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%. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. Walmart’s payout ratio is presently 39.00%.

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.