Central Pacific Bank Trust Division Sells 7,253 Shares of Walmart Inc. (NYSE:WMT)

Central Pacific Bank Trust Division lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 26.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,386 shares of the retailer's stock after selling 7,253 shares during the quarter. Central Pacific Bank Trust Division's holdings in Walmart were worth $1,790,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in Walmart during the 4th quarter worth about $252,000. LaFleur & Godfrey LLC raised its position in shares of Walmart by 1.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC boosted its stake in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after acquiring an additional 321 shares during the last quarter. Brighton Jones LLC increased its stake in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Walmart in the fourth quarter worth $10,645,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of NYSE WMT traded down $0.11 during trading hours on Monday, hitting $98.62. 6,363,180 shares of the stock were exchanged, compared to its average volume of 17,844,941. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 1-year low of $65.16 and a 1-year high of $105.30. The company has a market cap of $789.01 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company's fifty day simple moving average is $93.46 and its two-hundred day simple moving average is $93.47.

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

Walmart Dividend Announcement

The company 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. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is 40.17%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WMT. Robert W. Baird raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Raymond James cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Mizuho initiated coverage on Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 target price on the stock. Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,334 shares of company stock worth $12,615,864. Insiders own 45.58% of the company's stock.

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.