Te Ahumairangi Investment Management Ltd Sells 33,700 Shares of Walmart Inc. (NYSE:WMT)

Te Ahumairangi Investment Management Ltd lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 29.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,206 shares of the retailer's stock after selling 33,700 shares during the quarter. Walmart accounts for about 1.5% of Te Ahumairangi Investment Management Ltd's investment portfolio, making the stock its 17th largest position. Te Ahumairangi Investment Management Ltd's holdings in Walmart were worth $7,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. RFG Bristol Wealth Advisors LLC bought a new position in Walmart during the 4th quarter valued at about $424,000. Meeder Advisory Services Inc. raised its stake in shares of Walmart by 5.3% in the fourth quarter. Meeder Advisory Services Inc. now owns 85,118 shares of the retailer's stock valued at $7,690,000 after acquiring an additional 4,248 shares during the last quarter. Groupama Asset Managment boosted its holdings in shares of Walmart by 91.9% in the 4th quarter. Groupama Asset Managment now owns 798,837 shares of the retailer's stock worth $72,351,000 after acquiring an additional 382,629 shares in the last quarter. Trexquant Investment LP grew its position in Walmart by 710.3% during the 4th quarter. Trexquant Investment LP now owns 495,085 shares of the retailer's stock worth $44,731,000 after acquiring an additional 433,983 shares during the last quarter. Finally, May Hill Capital LLC acquired a new stake in Walmart during the 4th quarter valued at $756,000. Institutional investors and hedge funds own 26.76% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have recently commented on WMT shares. Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Evercore ISI lowered their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Finally, Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.17.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 1.2 %

Shares of Walmart stock traded up $1.05 during trading on Wednesday, reaching $89.88. The stock had a trading volume of 19,058,138 shares, compared to its average volume of 16,996,110. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $720.55 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The stock has a fifty day moving average price of $94.38 and a two-hundred day moving average price of $89.52.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.05%. Walmart's dividend payout ratio is presently 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.