Caisse Des Depots ET Consignations Acquires Shares of 143,322 Walmart Inc. (NYSE:WMT)

Caisse Des Depots ET Consignations purchased a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 143,322 shares of the retailer’s stock, valued at approximately $12,949,000. Walmart comprises approximately 0.6% of Caisse Des Depots ET Consignations’ investment portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $32,000. Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart during the 3rd quarter worth approximately $43,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.4 %

NYSE WMT opened at $85.13 on Thursday. The company has a market cap of $682.45 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $94.87 and a 200-day moving average of $89.22.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, February 25th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Robert W. Baird lifted their target price on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Truist Financial raised their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is currently owned by insiders.

Walmart Company 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.