Walmart Inc. (NYSE:WMT) Shares Bought by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. boosted its position in Walmart Inc. (NYSE:WMT) by 66.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the retailer’s stock after purchasing an additional 10,000 shares during the quarter. Walmart comprises 1.0% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 27th biggest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Walmart were worth $2,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in Walmart in the third quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the 3rd quarter valued at $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,928 shares of company stock worth $8,978,123. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.2 %

Shares of NYSE:WMT opened at $93.26 on Thursday. The stock has a market capitalization of $749.19 billion, a PE ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $91.47 and a 200 day moving average price of $81.79.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WMT shares. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. BMO Capital Markets upped their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Truist Financial increased their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, KeyCorp lifted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

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.