Mackenzie Financial Corp Has $281.32 Million Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Mackenzie Financial Corp reduced its stake in Walmart shares by 14.5%, now holding 3,204,440 shares valued at approximately $281 million.
• Walmart received a "buy" rating from several analysts, with target prices varying from $91.00 to $115.00, reflecting overall strong investor sentiment.
• Walmart announced a dividend of $0.235 per share, representing a yield of 0.95%, with a payout ratio of 40.17%.

Mackenzie Financial Corp trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 14.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,204,440 shares of the retailer's stock after selling 541,970 shares during the period. Mackenzie Financial Corp's holdings in Walmart were worth $281,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Whelan Financial increased its position in shares of Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the period. Bedel Financial Consulting Inc. boosted its position in shares of Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares in the last quarter. Scott & Selber Inc. increased its stake in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the period. Finally, Capital Advisors Wealth Management LLC raised its position in Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,912 shares of company stock worth $13,863,813 over the last three months. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

WMT traded up $0.40 on Thursday, reaching $97.99. The company had a trading volume of 6,298,366 shares, compared to its average volume of 19,108,686. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The company's fifty day moving average is $96.78 and its 200 day moving average is $94.93. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The stock has a market cap of $782.00 billion, a P/E ratio of 41.85, a P/E/G ratio of 4.73 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 the consensus estimate of $164.53 billion. During the same period in the prior year, the company posted $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Mizuho lifted their price objective on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Truist Financial upped their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Evercore ISI upped their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

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.