Walmart Inc. (NYSE:WMT) Shares Purchased by Colonial Trust Co SC

Colonial Trust Co SC raised its holdings in Walmart Inc. (NYSE:WMT) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,491 shares of the retailer’s stock after purchasing an additional 7,265 shares during the quarter. Walmart accounts for approximately 1.3% of Colonial Trust Co SC’s investment portfolio, making the stock its 12th biggest holding. Colonial Trust Co SC’s holdings in Walmart were worth $8,808,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC increased its holdings in Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new position in shares of Walmart in the fourth quarter worth about $5,737,355,000. Fisher Asset Management LLC boosted its stake in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $98.55 on Wednesday. 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 company has a fifty day moving average price of $90.62 and a two-hundred day moving average price of $91.65. Walmart Inc. has a 12 month low of $59.44 and a 12 month high of $105.30. The company has a market cap of $788.49 billion, a PE ratio of 40.89, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its quarterly 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value 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. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,857 shares of company stock valued at $12,444,743. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WMT shares. StockNews.com raised Walmart from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. Truist Financial reduced their target price on Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday. Roth Mkm reissued a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. UBS Group cut their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Walmart in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.45.

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.