Mirabaud & Cie SA Has $3.77 Million Stake in Walmart Inc. (NYSE:WMT)

Mirabaud & Cie SA trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,683 shares of the retailer’s stock after selling 6,802 shares during the period. Walmart accounts for approximately 1.2% of Mirabaud & Cie SA’s investment portfolio, making the stock its 18th biggest position. Mirabaud & Cie SA’s holdings in Walmart were worth $3,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Royal Capital Wealth Management LLC grew its stake in shares of Walmart by 23.5% in the second quarter. Royal Capital Wealth Management LLC now owns 10,547 shares of the retailer’s stock valued at $714,000 after acquiring an additional 2,005 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in shares of Walmart by 41.3% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 2,177,305 shares of the retailer’s stock valued at $147,425,000 after purchasing an additional 636,475 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Walmart by 36.6% in the 2nd quarter. Toronto Dominion Bank now owns 2,266,288 shares of the retailer’s stock valued at $153,450,000 after purchasing an additional 606,784 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Walmart by 112.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock valued at $3,376,000 after purchasing an additional 26,379 shares in the last quarter. Finally, Blankinship & Foster LLC acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $216,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,928 shares of company stock worth $8,978,123 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WMT. Truist Financial raised their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. KeyCorp raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Roth Mkm raised their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Price Performance

WMT opened at $93.26 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a market capitalization of $749.19 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55. The firm’s fifty day moving average price is $91.47 and its two-hundred day moving average price is $81.79. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.