Martingale Asset Management L P Has $44.61 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Martingale Asset Management L P decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 493,748 shares of the retailer's stock after selling 72,647 shares during the period. Walmart accounts for approximately 1.1% of Martingale Asset Management L P's holdings, making the stock its 7th biggest holding. Martingale Asset Management L P's holdings in Walmart were worth $44,610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC raised its holdings in 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 purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC lifted its holdings in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after buying an additional 102 shares during the period. SC&H Financial Advisors Inc. boosted its stake in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after acquiring an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC grew its holdings in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after acquiring an additional 106 shares during the period. Finally, Van Strum & Towne Inc. raised its position in shares of Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT traded up $2.20 during trading hours on Friday, hitting $92.81. The company had a trading volume of 25,491,591 shares, compared to its average volume of 17,657,677. The business has a fifty day moving average of $92.43 and a 200-day moving average of $89.95. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $744.03 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Equities analysts anticipate 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. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Analysts Set New Price Targets

Several research firms have weighed in on WMT. Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Stifel Nicolaus lowered their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday. Piper Sandler lifted their price target 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. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group lifted their target price on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.58.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

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.