Tokio Marine Asset Management Co. Ltd. Increases Holdings in Walmart Inc. (NYSE:WMT)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Walmart Inc. (NYSE:WMT) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,020 shares of the retailer’s stock after purchasing an additional 6,606 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Walmart were worth $11,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Czech National Bank increased its position in Walmart by 8.7% during the 3rd quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock valued at $71,449,000 after purchasing an additional 70,808 shares during the period. GAMMA Investing LLC boosted its stake in shares of Walmart by 32.5% during the third quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock valued at $5,788,000 after purchasing an additional 17,593 shares in the last quarter. WealthBridge Capital Management LLC purchased a new position in Walmart during the third quarter valued at approximately $336,000. Diversified Trust Co raised its stake in Walmart by 4.8% in the third quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock worth $10,453,000 after buying an additional 5,983 shares in the last quarter. Finally, Everpar Advisors LLC lifted its holdings in Walmart by 2.3% during the third quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock worth $1,645,000 after buying an additional 449 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $97.97 on Monday. The stock has a market cap of $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.04 and a 52-week high of $99.00. The business has a 50-day simple moving average of $93.07 and a 200-day simple moving average of $83.19. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on WMT. Wells Fargo & Company boosted their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Evercore ISI increased their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $95.11.

Insider Buying and Selling at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,177 shares of company stock valued at $12,649,328. Corporate insiders own 45.58% of the company’s stock.

Walmart Profile

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.