Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 124,819 Shares of Walmart Inc (WMT)
Meag Munich Ergo Kapitalanlagegesellschaft MBH lessened its position in shares of Walmart Inc (NYSE:WMT) by 38.3% during the 4th quarter, HoldingsChannel reports. The firm owned 200,876 shares of the retailer’s stock after selling 124,819 shares during the quarter. Walmart accounts for approximately 0.8% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 26th largest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Walmart were worth $20,084,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in WMT. Thompson Davis & CO. Inc. lifted its position in shares of Walmart by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the period. Cerebellum GP LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $127,000. Hudock Capital Group LLC lifted its position in shares of Walmart by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of Walmart during the 2nd quarter worth approximately $149,000. Finally, Cable Hill Partners LLC lifted its position in shares of Walmart by 8,165.4% during the 3rd quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after buying an additional 2,123 shares during the period. 30.33% of the stock is currently owned by institutional investors.
Shares of Walmart Inc (WMT) opened at $88.77 on Friday. The firm has a market capitalization of $262,970.00, a price-to-earnings ratio of 27.74, a PEG ratio of 3.18 and a beta of 0.57. Walmart Inc has a 52-week low of $69.33 and a 52-week high of $109.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, December 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.34%. Walmart’s payout ratio is currently 63.75%.
In related news, insider Jacqueline P. Canney sold 2,065 shares of Walmart stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the sale, the insider now directly owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 1,319,133 shares of Walmart stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total value of $128,760,572.13. Following the sale, the insider now directly owns 11,057,224 shares of the company’s stock, valued at $1,079,295,634.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,866,702 shares of company stock valued at $181,923,840. 51.39% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the company. Barclays raised their target price on Walmart to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.28 target price for the company in a research report on Thursday, February 1st. ValuEngine upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Walmart in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Walmart presently has a consensus rating of “Buy” and a consensus price target of $102.40.
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Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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