Walmart Inc. (NYSE:WMT) Holdings Lifted by AMG National Trust Bank

AMG National Trust Bank increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,258 shares of the retailer's stock after purchasing an additional 2,671 shares during the period. AMG National Trust Bank's holdings in Walmart were worth $5,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Walmart during the fourth quarter valued at $5,737,355,000. GAMMA Investing LLC grew its stake in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Northern Trust Corp grew its stake in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. APG Asset Management N.V. grew its stake in Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after purchasing an additional 3,512,368 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after acquiring an additional 3,182,477 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. This represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the transaction, the executive vice president owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,695 shares of company stock valued at $13,710,162 over the last quarter. Insiders own 45.58% of the company's stock.

Walmart Trading Down 0.1%

Shares of NYSE:WMT traded down $0.08 on Friday, reaching $95.01. 14,622,243 shares of the company traded hands, compared to its average volume of 18,156,813. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $758.22 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The business's 50-day simple moving average is $96.81 and its 200 day simple moving average is $94.62.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the business earned $0.60 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WMT shares. Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Mizuho upped their price target on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Finally, Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

About Walmart

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.