Walmart Inc. (NYSE:WMT) is Security National Bank of Sioux City Iowa IA’s 9th Largest Position

Security National Bank of Sioux City Iowa IA reduced its stake in Walmart Inc. (NYSE:WMT) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,598 shares of the retailer’s stock after selling 903 shares during the period. Walmart makes up about 2.4% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 9th biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in Walmart were worth $3,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on 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 $44,049,852.03. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the transaction, the executive vice president now directly owns 632,718 shares of the company’s stock, valued at $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,857 shares of company stock worth $12,444,743. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a research report on Monday. Truist Financial reduced their price objective on shares of Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. KeyCorp lifted their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $103.94.

Walmart Price Performance

NYSE WMT opened at $96.31 on Friday. The stock’s 50-day moving average is $90.98 and its two-hundred day moving average is $92.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $62.94 and a fifty-two week high of $105.30. The firm has a market cap of $770.57 billion, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 EPS. On average, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.