Swiss Life Asset Management Ltd Reduces Stock Position in Walmart Inc. $WMT

Swiss Life Asset Management Ltd reduced its holdings in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 899,280 shares of the retailer’s stock after selling 5,257 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Walmart were worth $92,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Collier Financial bought a new position in Walmart during the 3rd quarter valued at $25,000. Your Advocates Ltd. LLP bought a new stake in shares of Walmart in the 3rd quarter worth about $28,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at about $30,000. Roble Belko & Company Inc lifted its position in shares of Walmart by 212.6% during the third quarter. Roble Belko & Company Inc now owns 322 shares of the retailer’s stock worth $33,000 after purchasing an additional 219 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Walmart in the third quarter worth about $39,000. Institutional investors own 26.76% of the company’s stock.

Key Walmart News

Here are the key news stories impacting Walmart this week:

Walmart Price Performance

Shares of Walmart stock opened at $122.89 on Monday. The stock has a market capitalization of $979.73 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 4.58 and a beta of 0.66. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $134.69. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $124.35 and its 200-day simple moving average is $113.68.

Walmart (NASDAQ:WMTGet Free Report) last released its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The business had revenue of $190.66 billion during the quarter, compared to analyst estimates of $188.37 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be given a dividend of $0.2475 per share. The ex-dividend date is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. Walmart’s dividend payout ratio is currently 36.13%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. BTIG Research reissued a “buy” rating and issued a $140.00 price objective on shares of Walmart in a report on Friday, February 20th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price (up from $125.00) on shares of Walmart in a research report on Monday, February 9th. Piper Sandler reiterated an “overweight” rating on shares of Walmart in a report on Tuesday, February 24th. Rothschild & Co Redburn set a $150.00 price objective on Walmart in a research note on Tuesday, February 17th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Walmart in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

Read Our Latest Report on WMT

Insiders Place Their Bets

In related news, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $121.96, for a total value of $1,600,725.00. Following the sale, the chief executive officer directly owned 687,287 shares in the company, valued at $83,821,522.52. This trade represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher James Nicholas sold 34,082 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $122.00, for a total transaction of $4,158,004.00. Following the transaction, the executive vice president directly owned 533,466 shares of the company’s stock, valued at $65,082,852. The trade was a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 274,278 shares of company stock worth $33,825,793. 0.10% of the stock is owned by company insiders.

About Walmart

(Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

See Also

Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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