Dai ichi Life Insurance Company Ltd Sells 81,916 Shares of Walmart Inc. (NYSE:WMT)

Dai ichi Life Insurance Company Ltd decreased its position in Walmart Inc. (NYSE:WMT) by 16.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 427,330 shares of the retailer’s stock after selling 81,916 shares during the period. Walmart makes up 0.9% of Dai ichi Life Insurance Company Ltd’s investment portfolio, making the stock its 17th biggest holding. Dai ichi Life Insurance Company Ltd’s holdings in Walmart were worth $34,507,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Walmart in the 1st quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in Walmart during the second quarter worth approximately $29,000. Finally, Kozak & Associates Inc. boosted its holdings in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WMT shares. UBS Group lifted their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Guggenheim increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group lifted their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $91.88.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT stock opened at $89.45 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $82.29 and its 200 day simple moving average is $74.14. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $90.95. The firm has a market cap of $719.02 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 4.29 and a beta of 0.51.

Walmart (NYSE:WMT) last released its 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. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. On average, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

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.