Walmart Inc. (NYSE:WMT) Shares Sold by Chemung Canal Trust Co.

Chemung Canal Trust Co. decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 21.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,628 shares of the retailer's stock after selling 11,691 shares during the period. Chemung Canal Trust Co.'s holdings in Walmart were worth $3,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Horizon Financial Services LLC boosted its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart in the first quarter worth about $35,000. Mizuho Bank Ltd. purchased a new stake in Walmart in the fourth quarter worth about $41,000. Nexus Investment Management ULC bought a new stake in Walmart during the 1st quarter valued at approximately $49,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Walmart in the 4th quarter worth approximately $53,000. Institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.1%

NYSE WMT traded down $0.14 on Wednesday, hitting $96.95. 13,682,144 shares of the stock were exchanged, compared to its average volume of 18,050,150. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The firm has a market capitalization of $773.70 billion, a P/E ratio of 41.43, a P/E/G ratio of 4.78 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 has a fifty day moving average price of $97.24 and a two-hundred day moving average price of $94.43.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WMT shares. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Finally, Tigress Financial boosted their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the transaction, the executive vice president directly owned 650,977 shares in the company, valued at $61,693,090.29. This represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the sale, the chief executive officer owned 4,431,783 shares of the company's stock, valued at $430,724,989.77. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock valued at $13,710,319 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.