BancFirst Trust & Investment Management Sells 3,158 Shares of Walmart Inc. (NYSE:WMT)

BancFirst Trust & Investment Management trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 35.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,803 shares of the retailer's stock after selling 3,158 shares during the period. Walmart accounts for about 0.2% of BancFirst Trust & Investment Management's investment portfolio, making the stock its 20th biggest holding. BancFirst Trust & Investment Management's holdings in Walmart were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Gibson Capital LLC increased its holdings in shares of Walmart by 27.6% in the 1st quarter. Gibson Capital LLC now owns 7,805 shares of the retailer's stock worth $685,000 after acquiring an additional 1,686 shares during the period. Sanibel Captiva Trust Company Inc. grew its position in Walmart by 7.4% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 171,784 shares of the retailer's stock worth $15,081,000 after purchasing an additional 11,798 shares during the last quarter. Curated Wealth Partners LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $257,000. Parsons Capital Management Inc. RI raised its holdings in shares of Walmart by 1.0% during the first quarter. Parsons Capital Management Inc. RI now owns 41,516 shares of the retailer's stock valued at $3,645,000 after buying an additional 391 shares during the last quarter. Finally, Walker Asset Management LLC boosted its position in shares of Walmart by 0.3% during the first quarter. Walker Asset Management LLC now owns 129,346 shares of the retailer's stock worth $11,355,000 after buying an additional 398 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,534 shares of company stock worth $12,833,664. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Roth Mkm restated a "buy" rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.68.

Walmart Price Performance

Shares of WMT traded down $0.76 during mid-day trading on Wednesday, reaching $96.56. The company had a trading volume of 4,873,820 shares, compared to its average volume of 17,805,974. The company's 50-day moving average is $95.06 and its 200-day moving average is $93.99. Walmart Inc. has a twelve month low of $65.90 and a twelve month high of $105.30. The company has a market capitalization of $772.58 billion, a P/E ratio of 40.04, a P/E/G ratio of 4.42 and a beta of 0.69. 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 posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS 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 dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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.