Colonial Trust Co SC Acquires 7,265 Shares of Walmart Inc. (NYSE:WMT)

Colonial Trust Co SC lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,491 shares of the retailer's stock after acquiring an additional 7,265 shares during the quarter. Walmart makes up 1.3% of Colonial Trust Co SC's portfolio, making the stock its 12th biggest position. Colonial Trust Co SC's holdings in Walmart were worth $8,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concentric Capital Strategies LP lifted its position in shares of Walmart by 133.9% in the 4th quarter. Concentric Capital Strategies LP now owns 119,986 shares of the retailer's stock worth $10,841,000 after purchasing an additional 473,972 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of Walmart by 9.9% during the 4th quarter. CoreCap Advisors LLC now owns 55,013 shares of the retailer's stock valued at $4,970,000 after buying an additional 4,952 shares in the last quarter. Cornerstone Select Advisors LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $1,693,000. Crabel Capital Management LLC bought a new position in shares of Walmart in the 4th quarter worth about $444,000. Finally, Crestline Management LP lifted its holdings in shares of Walmart by 77.1% during the fourth quarter. Crestline Management LP now owns 24,137 shares of the retailer's stock valued at $2,181,000 after purchasing an additional 10,510 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho began coverage on Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target for the company. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Raymond James reduced their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $103.45.

Walmart Stock Performance

Walmart stock opened at $98.55 on Wednesday. The firm has a market capitalization of $788.49 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company's 50-day moving average is $90.62 and its 200 day moving average is $91.65. Walmart Inc. has a 1-year low of $59.44 and a 1-year high of $105.30. 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 - Get Free Report) last issued its 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 net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's payout ratio is 39.00%.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,857 shares of company stock worth $12,444,743. 45.58% of the stock is currently owned by corporate insiders.

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.

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