Community Bank & Trust Waco Texas Trims Position in Walmart Inc. $WMT

Community Bank & Trust Waco Texas reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,011 shares of the retailer’s stock after selling 1,183 shares during the quarter. Walmart accounts for approximately 2.4% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 7th largest holding. Community Bank & Trust Waco Texas’ holdings in Walmart were worth $10,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whelan Financial boosted its holdings in shares of Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares during the period. Bedel Financial Consulting Inc. lifted its holdings in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock worth $2,275,000 after buying an additional 102 shares during the period. Scott & Selber Inc. lifted its holdings in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after buying an additional 105 shares during the period. Capital Advisors Wealth Management LLC lifted its holdings in Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after buying an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC lifted its holdings in Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock worth $517,000 after buying an additional 106 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $98.30, for a total transaction of $216,260.00. Following the completion of the sale, the executive vice president owned 626,118 shares of the company’s stock, valued at $61,547,399.40. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the sale, the executive vice president directly owned 649,233 shares of the company’s stock, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,334 shares of company stock worth $13,526,350. Company insiders own 0.10% of the company’s stock.

Walmart Trading Down 0.9%

NYSE:WMT opened at $99.96 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12 month low of $72.52 and a 12 month high of $105.30. The company has a market cap of $797.72 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66. The company has a 50 day simple moving average of $97.60 and a two-hundred day simple moving average of $95.56.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart’s payout ratio is presently 40.17%.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Tigress Financial raised their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Citigroup restated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Walmart from $112.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a report on Thursday. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus target price of $109.29.

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.