Walmart Inc. (NYSE:WMT) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. trimmed its position in Walmart Inc. (NYSE:WMT) by 27.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,258 shares of the retailer’s stock after selling 54,505 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Walmart were worth $12,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter worth $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart during the fourth quarter worth $41,000. Finally, Elevation Wealth Partners LLC lifted its position in Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock valued at $47,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction 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 directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.2%

Shares of WMT stock opened at $100.01 on Wednesday. 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 twelve month low of $65.64 and a twelve month high of $105.30. The company’s 50-day moving average price is $94.05 and its 200-day moving average price is $93.63. The stock has a market cap of $800.19 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 4.42 and a beta of 0.69.

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

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $102.00 price target on shares of Walmart in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Mizuho began coverage on Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 price target for the company. KeyCorp raised their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Truist Financial lifted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.94.

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.