Walmart Inc. $WMT Stake Increased by Groupama Asset Managment

Groupama Asset Managment lifted its stake in Walmart Inc. (NYSE:WMT) by 11.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 891,210 shares of the retailer’s stock after acquiring an additional 92,373 shares during the quarter. Groupama Asset Managment’s holdings in Walmart were worth $75,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Walmart by 5.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 80,408 shares of the retailer’s stock valued at $7,059,000 after buying an additional 3,877 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. increased its holdings in shares of Walmart by 23.5% in the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 1,153,788 shares of the retailer’s stock valued at $101,291,000 after purchasing an additional 219,690 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of Walmart by 3.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,310 shares of the retailer’s stock valued at $466,000 after acquiring an additional 171 shares during the period. Colonial Trust Advisors grew its position in shares of Walmart by 0.8% during the 1st quarter. Colonial Trust Advisors now owns 176,175 shares of the retailer’s stock worth $15,466,000 after buying an additional 1,325 shares during the period. Finally, Laraway Financial Advisors Inc raised its position in shares of Walmart by 32.1% during the 1st quarter. Laraway Financial Advisors Inc now owns 22,986 shares of the retailer’s stock valued at $1,870,000 after acquiring an additional 5,592 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $166,726.40. Following the sale, the executive vice president directly owned 649,233 shares in the company, valued at $62,066,674.80. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,334 shares of company stock worth $13,526,350. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Tigress Financial raised their target price on shares of Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Walmart from $112.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a hold rating, thirty have assigned 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 an average rating of “Buy” and a consensus target price of $109.89.

Walmart Trading Up 0.7%

Shares of Walmart stock opened at $100.65 on Tuesday. Walmart Inc. has a twelve month low of $73.34 and a twelve month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $97.67 and its 200 day moving average price is $95.58. The firm 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.

Walmart Dividend Announcement

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

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.