BancFirst Trust & Investment Management Reduces Holdings in Walmart Inc. (NYSE:WMT)

BancFirst Trust & Investment Management lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 35.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,803 shares of the retailer's stock after selling 3,158 shares during the quarter. 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 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Gibson Capital LLC lifted its holdings in shares of Walmart by 27.6% during the 1st quarter. Gibson Capital LLC now owns 7,805 shares of the retailer's stock valued at $685,000 after buying an additional 1,686 shares during the period. Sanibel Captiva Trust Company Inc. grew its holdings in shares of Walmart by 7.4% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 171,784 shares of the retailer's stock worth $15,081,000 after acquiring an additional 11,798 shares during the period. Curated Wealth Partners LLC purchased a new stake in Walmart during the first quarter valued at $257,000. Parsons Capital Management Inc. RI lifted its holdings in Walmart by 1.0% in the first quarter. Parsons Capital Management Inc. RI now owns 41,516 shares of the retailer's stock valued at $3,645,000 after acquiring an additional 391 shares during the period. Finally, Walker Asset Management LLC lifted its holdings in Walmart by 0.3% in the first quarter. Walker Asset Management LLC now owns 129,346 shares of the retailer's stock valued at $11,355,000 after acquiring an additional 398 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of WMT stock traded down $0.11 during mid-day trading on Tuesday, hitting $97.34. The company had a trading volume of 17,145,025 shares, compared to its average volume of 17,871,605. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock's 50 day moving average price is $94.86 and its 200-day moving average price is $93.97. Walmart Inc. has a 52-week low of $65.90 and a 52-week high of $105.30. The company has a market capitalization of $778.81 billion, a P/E ratio of 40.39, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 EPS. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction 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 $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,534 shares of company stock valued at $12,833,664. Insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WMT shares. Raymond James cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Mizuho raised their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average price target of $105.68.

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.