Mutual of America Capital Management LLC Has $49.28 Million Position in Walmart Inc. (NYSE:WMT)

Mutual of America Capital Management LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 545,379 shares of the retailer’s stock after selling 15,720 shares during the quarter. Walmart accounts for approximately 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 19th largest position. Mutual of America Capital Management LLC’s holdings in Walmart were worth $49,275,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in Walmart in the fourth quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new stake in Walmart in the third quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other Walmart news, 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 sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,777 shares of company stock worth $17,934,726 over the last quarter. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on WMT. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday. BMO Capital Markets upped their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Up 1.9 %

Walmart stock opened at $98.65 on Friday. The company has a market cap of $792.52 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $58.20 and a 1-year high of $105.30. The company has a fifty day simple moving average of $95.90 and a 200 day simple moving average of $87.44. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

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.