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Flossbach Von Storch SE Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

Flossbach Von Storch SE reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 53.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,554 shares of the retailer's stock after selling 597,194 shares during the quarter. Flossbach Von Storch SE's holdings in Walmart were worth $44,997,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after buying an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.4% in the fourth 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 position in shares of Walmart in the fourth quarter valued at about $5,737,355,000. Northern Trust Corp increased its holdings in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. Finally, Franklin Resources Inc. increased its holdings 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 valued at $3,796,129,000 after purchasing an additional 514,036 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on WMT shares. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. UBS Group dropped their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Get Our Latest Research Report on Walmart

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the transaction, the chief executive officer owned 4,431,783 shares in the company, valued at $430,724,989.77. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock worth $13,710,319 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Trading Down 2.3%

NYSE:WMT opened at $97.11 on Wednesday. The firm has a market cap of $774.98 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 4.78 and a beta of 0.68. The stock has a fifty day moving average price of $97.24 and a 200 day moving average price of $94.43. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.

Walmart Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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