Dai ichi Life Insurance Company Ltd reduced its stake in Walmart Inc. (NASDAQ:WMT – Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,064 shares of the retailer’s stock after selling 45,644 shares during the period. Walmart makes up about 1.3% of Dai ichi Life Insurance Company Ltd’s investment portfolio, making the stock its 12th biggest holding. Dai ichi Life Insurance Company Ltd’s holdings in Walmart were worth $43,630,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Entrust Financial LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Merkkuri Wealth Advisors LLC acquired a new position in Walmart during the 1st quarter worth approximately $29,000. Bay Harbor Wealth Management LLC boosted its holdings in Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after acquiring an additional 105 shares during the period. Clayton Financial Group LLC boosted its holdings in Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after acquiring an additional 193 shares during the period. Finally, Sankala Group LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.
Walmart Trading Up 1.0%
NASDAQ:WMT opened at $109.47 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $116.75 and its two-hundred day moving average is $121.97. Walmart Inc. has a 52 week low of $95.42 and a 52 week high of $135.15. The company has a market cap of $871.17 billion, a PE ratio of 38.41, a P/E/G ratio of 4.04 and a beta of 0.60.
Walmart News Roundup
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Royal Bank of Canada reportedly reaffirmed an Outperform rating on Walmart, a supportive signal that may help bolster investor confidence. Walmart (NASDAQ:WMT) Earns Outperform Rating from Royal Bank Of Canada
- Positive Sentiment: Walmart was highlighted as a wide-moat, sustainable growth stock, reinforcing the view that it can keep delivering steady results even in choppy markets. Top Wide-Moat Stocks to Invest in for Sustainable Growth
- Positive Sentiment: Walmart partnered with ReturnPro to refurbish and resell returned products, which could improve e-commerce efficiency and reduce losses from returns. Walmart (WMT) Partners With ReturnPro To Resell Returned Products
- Positive Sentiment: Coverage suggesting Walmart may be a solid growth stock could keep investors focused on its durable financial performance and scale advantages. Is Walmart (WMT) a Solid Growth Stock? 3 Reasons to Think “Yes”
- Neutral Sentiment: Investors are closely watching Walmart ahead of earnings, with previews focusing on what the company may report rather than providing a fresh catalyst by themselves. Walmart’s quarterly earnings preview: What you need to know
- Neutral Sentiment: Walmart being one of Zacks’ most-searched stocks indicates strong investor interest, but not necessarily a direct fundamental driver. Investors Heavily Search Walmart Inc. (WMT): Here is What You Need to Know
- Neutral Sentiment: Articles discussing Walmart’s dividend profile may appeal to income investors, but they are unlikely to move the stock on their own. Does Walmart pay dividends? Its yield & payouts explained
- Negative Sentiment: One article noted Walmart’s extended share-price weakness and suggested the stock could be in a comeback setup, reflecting lingering concern after a recent downtrend. Walmart stock’s extended downturn could trigger a possible comeback
- Negative Sentiment: A bearish comparison piece argued investors might prefer another stock over WMT, citing weaker recent share performance and softer quarterly results. 3 Reasons to Sell WMT and 1 Stock to Buy Instead
Insider Transactions at Walmart
In other Walmart news, EVP Latriece Watkins sold 11,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the sale, the executive vice president owned 120,203 shares in the company, valued at $14,300,550.91. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares in the company, valued at $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 67,729 shares of company stock valued at $8,124,931 over the last quarter. Insiders own 0.09% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on WMT shares. BTIG Research reiterated a “buy” rating and set a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, June 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Walmart in a research note on Friday, May 22nd. Freedom Capital upgraded shares of Walmart from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Piper Sandler reissued an “overweight” rating on shares of Walmart in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.85.
Get Our Latest Analysis on Walmart
About Walmart
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.
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