Walmart Inc. (NYSE:WMT) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 584,878 shares of the retailer's stock after selling 13,586 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Walmart were worth $52,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the 4th quarter valued at $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,857 shares of company stock valued at $12,444,743. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. KeyCorp upped their target price on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Barclays reiterated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 price objective on shares of Walmart in a research report on Tuesday, May 6th. Finally, Piper Sandler upped their price objective 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. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $103.94.

Walmart Stock Up 0.0%

WMT stock opened at $96.75 on Tuesday. Walmart Inc. has a one year low of $59.44 and a one year high of $105.30. The stock has a market capitalization of $774.09 billion, a P/E ratio of 40.15, a PEG ratio of 4.42 and a beta of 0.70. The company has a 50 day moving average price of $90.68 and a two-hundred day moving average price of $92.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced 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 is Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is 39.00%.

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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