Farmers Trust Co. Has $5.89 Million Holdings in Walmart Inc. (NYSE:WMT)

Farmers Trust Co. reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,037 shares of the retailer's stock after selling 66,631 shares during the quarter. Farmers Trust Co.'s holdings in Walmart were worth $5,885,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in Walmart by 74.4% during the first quarter. Versant Capital Management Inc now owns 16,160 shares of the retailer's stock worth $1,419,000 after buying an additional 6,893 shares in the last quarter. Waller Financial Planning Group Inc. lifted its holdings in shares of Walmart by 68.5% during the 1st quarter. Waller Financial Planning Group Inc. now owns 4,725 shares of the retailer's stock worth $415,000 after acquiring an additional 1,921 shares during the period. Marotta Asset Management lifted its holdings in shares of Walmart by 9.3% during the 1st quarter. Marotta Asset Management now owns 2,591 shares of the retailer's stock worth $209,000 after acquiring an additional 220 shares during the period. Kera Capital Partners Inc. boosted its position in shares of Walmart by 17.3% during the 1st quarter. Kera Capital Partners Inc. now owns 2,679 shares of the retailer's stock worth $235,000 after acquiring an additional 395 shares in the last quarter. Finally, Marcum Wealth LLC raised its position in Walmart by 4.5% during the first quarter. Marcum Wealth LLC now owns 24,183 shares of the retailer's stock valued at $2,123,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. Mizuho began coverage on Walmart in a report on Friday, April 11th. They issued an "outperform" rating and a $105.00 target price on the stock. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,334 shares of company stock worth $12,615,864. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 1.5%

NYSE WMT traded up $1.47 during mid-day trading on Friday, reaching $98.57. 29,968,085 shares of the stock were exchanged, compared to its average volume of 17,929,068. The stock has a market cap of $788.65 billion, a P/E ratio of 40.90, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30. The stock has a 50 day simple moving average of $93.46 and a 200-day simple moving average of $93.36.

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

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend 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.