Walmart Inc. (NYSE:WMT) Shares Sold by Community Bank N.A.

Community Bank N.A. lowered its holdings in Walmart Inc. (NYSE:WMT) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 109,325 shares of the retailer’s stock after selling 4,195 shares during the period. Walmart makes up 1.3% of Community Bank N.A.’s holdings, making the stock its 14th biggest holding. Community Bank N.A.’s holdings in Walmart were worth $9,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on WMT shares. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus lowered their target price on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday. Two 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Walmart stock opened at $85.94 on Friday. The stock has a 50-day simple moving average of $95.19 and a 200 day simple moving average of $89.04. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The stock has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.09%. Walmart’s dividend payout ratio is currently 39.00%.

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.