Charles Schwab Trust Co Acquires 1,116 Shares of Walmart Inc. (NYSE:WMT)

Charles Schwab Trust Co lifted its stake in Walmart Inc. (NYSE:WMT) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,292 shares of the retailer’s stock after purchasing an additional 1,116 shares during the period. Charles Schwab Trust Co’s holdings in Walmart were worth $1,781,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC bought a new position in shares of Walmart in the 4th quarter worth $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter worth $41,000. Finally, Elevation Wealth Partners LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Roth Mkm restated a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research note on Wednesday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Raymond James cut their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Two investment 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.16.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $99.39 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock’s fifty day moving average is $94.33 and its two-hundred day moving average is $93.67. The firm has a market capitalization of $795.21 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate 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 was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio is presently 40.17%.

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.