Walmart Inc. (NYSE:WMT) Stock Holdings Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,746,410 shares of the retailer's stock after selling 638,191 shares during the period. Mackenzie Financial Corp's holdings in Walmart were worth $338,488,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position 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 buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC increased its position in shares of 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 purchasing an additional 1,133,201 shares during the period. Finally, Northern Trust Corp raised its stake 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 in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WMT shares. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.94.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81% 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, EVP Kathryn J. Mclay sold 28,000 shares of the company'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 value of $2,716,000.00. Following the completion of the sale, the executive vice president now owns 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,583 shares of company stock valued at $16,701,404 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 0.6%

Shares of Walmart stock opened at $96.49 on Friday. The company has a market capitalization of $772.00 billion, a PE ratio of 40.04, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business has a 50-day moving average of $92.33 and a 200-day moving average of $92.90.

Walmart (NYSE:WMT - Get Free Report) last issued 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 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

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.

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