Iyo Bank Ltd. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Iyo Bank Ltd. increased its position in shares of Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,620 shares of the retailer’s stock after acquiring an additional 85,080 shares during the period. Walmart makes up about 3.1% of Iyo Bank Ltd.’s holdings, making the stock its 12th biggest position. Iyo Bank Ltd.’s holdings in Walmart were worth $7,679,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Northwest Capital Management Inc grew its position in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart in the fourth quarter worth $30,000. Able Wealth Management LLC purchased a new stake in Walmart during the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the fourth quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Walmart in the fourth quarter worth about $35,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock worth $953,023,399 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $68.24 on Friday. The company has a 50 day simple moving average of $64.57 and a two-hundred day simple moving average of $59.71. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The company has a market capitalization of $548.89 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 3.93 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Analysts expect that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Tigress Financial increased their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Raymond James lifted their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. KeyCorp increased their price target on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.47.

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.