Parkside Financial Bank & Trust Acquires 790 Shares of Walmart Inc. (NYSE:WMT)

Parkside Financial Bank & Trust boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,123 shares of the retailer’s stock after buying an additional 790 shares during the quarter. Walmart makes up approximately 0.7% of Parkside Financial Bank & Trust’s investment portfolio, making the stock its 23rd largest position. Parkside Financial Bank & Trust’s holdings in Walmart were worth $5,161,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter valued at approximately $25,000. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter worth approximately $32,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,528 shares of company stock worth $13,849,185 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on WMT shares. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Royal Bank of Canada lowered their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $103.07.

Walmart Trading Up 0.7 %

NYSE WMT opened at $96.88 on Friday. The stock has a market capitalization of $778.23 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $58.20 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business’s fifty day moving average is $95.77 and its 200-day moving average is $87.23.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

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.