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

TD Asset Management Inc. boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,759,169 shares of the retailer’s stock after purchasing an additional 29,184 shares during the period. TD Asset Management Inc.’s holdings in Walmart were worth $249,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new stake in Walmart during the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walmart in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.8 %

WMT opened at $87.56 on Tuesday. The firm has a market cap of $701.92 billion, a P/E ratio of 36.33, a PEG ratio of 4.42 and a beta of 0.53. The business’s fifty day simple moving average is $95.12 and its 200 day simple moving average is $89.19. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. 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 (NYSE:WMT) last released 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 for 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%. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WMT. Stifel Nicolaus cut their price target on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Finally, Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock valued at $18,001,116 in the last quarter. 45.58% of the stock is currently 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.