MMA Asset Management LLC Has $317,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

MMA Asset Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 16.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,504 shares of the retailer’s stock after purchasing an additional 501 shares during the period. MMA Asset Management LLC’s holdings in Walmart were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WMT. Swedbank AB lifted its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares during the last quarter. Focus Financial Network Inc. raised its holdings in Walmart by 2.3% in the 3rd quarter. Focus Financial Network Inc. now owns 35,216 shares of the retailer’s stock valued at $2,844,000 after acquiring an additional 795 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Walmart by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after acquiring an additional 137 shares in the last quarter. Americana Partners LLC raised its holdings in Walmart by 29.6% in the 3rd quarter. Americana Partners LLC now owns 18,499 shares of the retailer’s stock valued at $1,494,000 after acquiring an additional 4,221 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its holdings in Walmart by 8.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 165,950 shares of the retailer’s stock valued at $13,400,000 after acquiring an additional 13,170 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.9 %

Shares of WMT opened at $98.65 on Friday. The firm has a market capitalization of $792.52 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The business’s fifty day moving average price is $95.90 and its two-hundred day moving average price is $87.58. Walmart Inc. has a 52 week low of $58.20 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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 $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Barclays reiterated an “overweight” rating on shares of Walmart in a research note on Friday. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research note on Friday. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $103.07.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on 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 owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This 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 on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 188,777 shares of company stock worth $17,934,726. Insiders own 45.58% of the company’s stock.

Walmart Company 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.