Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. lessened its position in Walmart Inc. (NYSE:WMT) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,546 shares of the retailer’s stock after selling 8,244 shares during the period. Walmart makes up 1.5% of Mmbg Investment Advisors CO.’s holdings, making the stock its 15th largest position. Mmbg Investment Advisors CO.’s holdings in Walmart were worth $14,415,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in Walmart during the 4th quarter worth about $5,737,355,000. Fisher Asset Management LLC lifted its stake in Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $96.78 on Monday. The stock’s 50-day moving average is $90.66 and its 200-day moving average is $92.04. Walmart Inc. has a 1-year low of $59.44 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 stock has a market cap of $774.33 billion, a P/E ratio of 40.16, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s payout ratio is 39.00%.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares of the company’s stock, valued at $32,891,867.94. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,857 shares of company stock worth $12,444,743. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Truist Financial decreased their price target on shares of Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. KeyCorp boosted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, StockNews.com upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.94.

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.