Mirae Asset Global Investments Co. Ltd. Has $99.39 Million Stake in Walmart Inc. (NYSE:WMT)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,093,169 shares of the retailer’s stock after purchasing an additional 170,132 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Walmart were worth $99,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC increased its holdings in shares of Walmart by 4.2% during the third quarter. Daymark Wealth Partners LLC now owns 149,659 shares of the retailer’s stock worth $12,085,000 after purchasing an additional 6,023 shares during the period. CWM LLC grew its position in Walmart by 1.8% during the third quarter. CWM LLC now owns 931,526 shares of the retailer’s stock worth $75,221,000 after buying an additional 16,749 shares in the last quarter. Abner Herrman & Brock LLC increased its stake in Walmart by 1.0% during the 3rd quarter. Abner Herrman & Brock LLC now owns 206,455 shares of the retailer’s stock worth $16,671,000 after acquiring an additional 2,098 shares during the period. Marcum Wealth LLC increased its stake in Walmart by 1.2% during the 3rd quarter. Marcum Wealth LLC now owns 25,536 shares of the retailer’s stock worth $2,062,000 after acquiring an additional 297 shares during the period. Finally, Wedmont Private Capital raised its holdings in Walmart by 4.3% in the 3rd quarter. Wedmont Private Capital now owns 55,842 shares of the retailer’s stock valued at $4,417,000 after acquiring an additional 2,320 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT opened at $102.86 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $93.67 and its two-hundred day simple moving average is $83.82. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.02. The stock has a market capitalization of $826.30 billion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. UBS Group boosted their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Sanford C. Bernstein increased their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

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.