Walmart Inc. $WMT Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 18.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 686,096 shares of the retailer’s stock after purchasing an additional 107,650 shares during the quarter. Walmart comprises about 0.6% of Banco Bilbao Vizcaya Argentaria S.A.’s investment portfolio, making the stock its 28th largest position. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Walmart were worth $60,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. Eagle Capital Management LLC grew its stake in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after acquiring an additional 321 shares during the last quarter. Brighton Jones LLC grew its stake in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after acquiring an additional 485 shares during the last quarter. Highview Capital Management LLC DE grew its stake in Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock valued at $3,338,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in Walmart in the 4th quarter valued at about $169,753,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $112.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Guggenheim reissued a “buy” rating and issued a $115.00 price objective (up from $112.00) on shares of Walmart in a research note on Monday. Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $109.89.

Walmart Price Performance

WMT opened at $100.65 on Tuesday. The stock has a market capitalization of $803.23 billion, a PE ratio of 43.01, a P/E/G ratio of 4.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 1 year low of $73.34 and a 1 year high of $105.30. The company’s 50 day simple moving average is $97.67 and its 200 day simple moving average is $95.58.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.235 per share. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart’s payout ratio is 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares of the company’s stock, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 140,334 shares of company stock valued at $13,526,350. 0.10% of the stock is currently owned by corporate insiders.

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.