Sanibel Captiva Trust Company Inc. Has $15.08 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Sanibel Captiva Trust Company Inc. lifted its stake in Walmart Inc. (NYSE:WMT) by 7.4% during the first quarter, Holdings Channel.com reports. The fund owned 171,784 shares of the retailer’s stock after buying an additional 11,798 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Walmart were worth $15,081,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors boosted its position in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. increased its stake in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares during the period. Modera Wealth Management LLC lifted its holdings in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares during the last quarter. Cushing Capital Partners LLC bought a new position in Walmart during the fourth quarter worth about $1,124,000. Finally, Campbell Wealth Management acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $359,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMT. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada increased their price target on Walmart from $102.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Roth Mkm reissued a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.68.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares of the company’s stock, valued at $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of NYSE:WMT opened at $97.45 on Tuesday. 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 $65.90 and a 12 month high of $105.30. The company has a market capitalization of $779.66 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 4.42 and a beta of 0.69. The firm’s 50-day moving average is $94.86 and its 200 day moving average is $93.97.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 40.17%.

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.