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

Mmbg Investment Advisors CO. lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,821 shares of the retailer's stock after selling 29,725 shares during the period. Walmart accounts for about 1.3% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 16th biggest holding. Mmbg Investment Advisors CO.'s holdings in Walmart were worth $11,427,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WMT. World Investment Advisors grew its holdings in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. increased its holdings in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares during the period. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after purchasing an additional 9,292 shares during the period. Cushing Capital Partners LLC bought a new position in shares of Walmart during the 4th quarter worth about $1,124,000. Finally, GWN Securities Inc. bought a new stake in Walmart in the fourth quarter valued at about $4,658,000. Institutional investors own 26.76% of the company's stock.

Walmart Trading Up 1.4%

WMT opened at $97.41 on Monday. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market capitalization of $777.37 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 4.75 and a beta of 0.69. The company's 50 day moving average price is $96.80 and its two-hundred day moving average price is $94.23.

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

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the sale, the executive vice president now directly owns 1,060,455 shares in the company, valued at approximately $100,997,734.20. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,711 shares of company stock valued at $13,688,803. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Evercore ISI upped their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus reduced their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Mizuho upped their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Two investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

About Walmart

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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