Walmart Inc. (NYSE:WMT) Holdings Lowered by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd decreased its stake in Walmart Inc. (NYSE:WMT) by 29.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,206 shares of the retailer’s stock after selling 33,700 shares during the quarter. Walmart accounts for about 1.5% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 17th largest holding. Te Ahumairangi Investment Management Ltd’s holdings in Walmart were worth $7,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Walmart by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC grew its position in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new stake in Walmart during the 4th quarter valued at $5,737,355,000. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 2.4% in 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 purchasing an additional 1,133,201 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after buying an additional 514,036 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,652 shares of company stock worth $16,590,028 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.0 %

Shares of WMT stock opened at $88.70 on Wednesday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $711.10 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average of $94.45 and a 200-day moving average of $89.51.

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

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.06%. Walmart’s dividend payout ratio is 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. KeyCorp upped their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Wells Fargo & Company increased their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Roth Mkm reissued a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

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.