abrdn plc Has $133.90 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

abrdn plc cut its holdings in Walmart Inc. (NYSE:WMT) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,484,681 shares of the retailer’s stock after selling 122,382 shares during the quarter. abrdn plc’s holdings in Walmart were worth $133,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brophy Wealth Management LLC acquired a new position in Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire boosted its position in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Iowa State Bank boosted its position in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Fisher Asset Management LLC boosted its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Walmart during the 3rd quarter worth approximately $541,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

WMT opened at $102.47 on Thursday. The firm has a market cap of $823.21 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $102.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s fifty day moving average is $93.46 and its 200-day moving average is $83.69.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Roth Mkm upped their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. UBS Group increased their price objective on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. BMO Capital Markets increased their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Finally, Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

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.