Walmart Inc. (NYSE:WMT) Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 492,183 shares of the retailer's stock after acquiring an additional 5,749 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Walmart were worth $43,209,000 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 WMT. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% in the 4th 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. EQ Wealth Advisors LLC purchased a new position in shares of Walmart in the first quarter valued at about $35,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the fourth quarter valued at about $41,000. Nexus Investment Management ULC bought a new stake in shares of Walmart in the first quarter worth about $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in Walmart during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WMT shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. 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 report on Wednesday, July 2nd. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Raymond James Financial reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Two 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the sale, the chief executive officer directly owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,695 shares of company stock worth $13,710,162. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.1%

Shares of Walmart stock traded down $0.06 during mid-day trading on Friday, hitting $95.04. The stock had a trading volume of 4,271,820 shares, compared to its average volume of 18,061,055. The firm has a market cap of $758.42 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 4.58 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $96.85 and a two-hundred day moving average of $94.59. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 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.