Walmart Inc. (NYSE:WMT) Shares Sold by Community Bank N.A.

Community Bank N.A. reduced its position in Walmart Inc. (NYSE:WMT) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 109,325 shares of the retailer’s stock after selling 4,195 shares during the period. Walmart comprises approximately 1.3% of Community Bank N.A.’s holdings, making the stock its 14th biggest holding. Community Bank N.A.’s holdings in Walmart were worth $9,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB raised its stake in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after acquiring an additional 809,352 shares in the last quarter. Quest Partners LLC bought a new position in shares of Walmart in the third quarter valued at approximately $336,000. Pacer Advisors Inc. lifted its stake in Walmart by 1.1% during the third quarter. Pacer Advisors Inc. now owns 387,540 shares of the retailer’s stock valued at $31,294,000 after purchasing an additional 4,128 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Walmart by 16.1% during the third quarter. Eagle Asset Management Inc. now owns 345,418 shares of the retailer’s stock valued at $29,302,000 after purchasing an additional 47,878 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 0.1 %

Shares of WMT opened at $85.94 on Friday. 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 Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The business’s 50 day moving average is $95.19 and its 200 day moving average is $89.04. The company has a market capitalization of $688.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.09%. Walmart’s dividend payout ratio is currently 39.00%.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $103.17.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 189,777 shares of company stock valued at $18,001,116. Corporate insiders own 45.58% of the company’s stock.

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.