Walmart Inc. (NYSE:WMT) Shares Sold by Thomasville National Bank

Thomasville National Bank trimmed its position in Walmart Inc. (NYSE:WMT) by 6.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,750 shares of the retailer’s stock after selling 3,361 shares during the period. Thomasville National Bank’s holdings in Walmart were worth $4,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Union Bancaire Privee UBP SA grew its stake in Walmart by 114.8% in the first quarter. Union Bancaire Privee UBP SA now owns 256,366 shares of the retailer’s stock worth $21,821,000 after purchasing an additional 136,998 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Walmart by 1.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 78,680 shares of the retailer’s stock worth $6,907,000 after acquiring an additional 1,062 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in Walmart in the first quarter worth about $5,689,000. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Walmart by 0.9% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 46,207 shares of the retailer’s stock worth $4,057,000 after acquiring an additional 398 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in Walmart by 2.3% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,088,206 shares of the retailer’s stock worth $95,534,000 after acquiring an additional 23,978 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred 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 transaction, the executive vice president now owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.80 on Friday. Walmart Inc. has a 12 month low of $65.95 and a 12 month high of $105.30. The stock has a market cap of $758.48 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 4.42 and a beta of 0.69. The stock’s 50 day moving average price is $95.54 and its 200 day moving average price is $94.04. 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 (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. DA Davidson reissued a “buy” rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Stifel Nicolaus cut their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Company 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.