Capital City Trust Co. FL Sells 9,561 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Capital City Trust Co. FL reduced its stake in Walmart by 11.2%, owning 76,005 shares after selling 9,561 shares in the first quarter.
• Walmart's recent quarterly earnings showed a profit of $0.61 per share, surpassing expectations, with revenue of $165.61 billion, up 2.5% year-over-year.
• The company declared a dividend of $0.235 per share, with a dividend yield of 0.95% and a payout ratio of 40.17%.

Capital City Trust Co. FL reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 11.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 76,005 shares of the retailer's stock after selling 9,561 shares during the period. Walmart accounts for approximately 1.8% of Capital City Trust Co. FL's investment portfolio, making the stock its 17th largest holding. Capital City Trust Co. FL's holdings in Walmart were worth $6,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the period. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart during the first quarter worth $35,000. Lipe & Dalton grew its stake in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the period. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the fourth quarter worth $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Raymond James Financial decreased their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Up 0.9%

WMT traded up $0.85 on Friday, hitting $97.45. 12,845,633 shares of the company were exchanged, compared to its average volume of 12,596,366. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a market cap of $777.72 billion, a PE ratio of 41.65, a PEG ratio of 4.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock's fifty day moving average is $96.76 and its 200-day moving average is $94.86.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed 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 40.17%.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president owned 649,233 shares in the company, valued at $62,066,674.80. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,696 shares of company stock valued at $12,222,245. Company insiders own 45.58% of the company's stock.

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.