First Hawaiian Bank Decreases Stake in Walmart Inc. (NYSE:WMT)

First Hawaiian Bank lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,740 shares of the retailer's stock after selling 4,937 shares during the period. First Hawaiian Bank's holdings in Walmart were worth $3,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter valued at about $5,737,355,000. Fisher Asset Management LLC lifted its stake in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. 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. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 1.5%

NYSE:WMT traded up $1.47 on Friday, reaching $98.57. 29,968,085 shares of the company's stock were exchanged, compared to its average volume of 17,890,104. The firm has a market capitalization of $788.65 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52-week low of $65.16 and a 52-week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $93.46 and a 200-day moving average of $93.47.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.94.

Walmart 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.