Triglav Skladi D.O.O. Makes New $26.33 Million Investment in Walmart Inc. (NYSE:WMT)

Triglav Skladi D.O.O. bought a new position in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 291,406 shares of the retailer’s stock, valued at approximately $26,330,000. Walmart makes up about 2.1% of Triglav Skladi D.O.O.’s holdings, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC raised its holdings in shares of Walmart by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer’s stock valued at $1,565,000 after purchasing an additional 226 shares in the last quarter. Tallon Kerry Patrick bought a new position in shares of Walmart during the 4th quarter valued at $252,000. Wedge Capital Management L L P NC raised its holdings in shares of Walmart by 2.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 7,501 shares of the retailer’s stock valued at $678,000 after purchasing an additional 146 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Walmart by 6.0% during the 4th quarter. Brooklyn Investment Group now owns 34,027 shares of the retailer’s stock valued at $3,074,000 after purchasing an additional 1,930 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Walmart during the 4th quarter valued at $63,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 2.0%

Shares of WMT stock opened at $98.26 on Monday. Walmart Inc. has a 12-month low of $63.87 and a 12-month high of $105.30. The company has a market capitalization of $786.18 billion, a P/E ratio of 40.77, a P/E/G ratio of 4.42 and a beta of 0.70. The firm has a 50-day moving average price of $91.19 and a 200 day moving average price of $92.55. 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 announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the business earned $0.60 earnings per share. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMT shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $102.00 target price on shares of Walmart in a research note on Friday. KeyCorp raised their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Citigroup reiterated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $104.94.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,857 shares of company stock worth $12,444,743. Corporate insiders own 45.58% of the company’s stock.

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.