First Interstate Bank Sells 6,452 Shares of Walmart Inc. (NYSE:WMT)

First Interstate Bank decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,590 shares of the retailer's stock after selling 6,452 shares during the period. First Interstate Bank's holdings in Walmart were worth $8,392,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors boosted its position in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Cushing Capital Partners LLC acquired a new stake in shares of Walmart in the fourth quarter worth about $1,124,000. GWN Securities Inc. acquired a new stake in shares of Walmart in the fourth quarter worth about $4,658,000. Full Sail Capital LLC lifted its position in shares of Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after buying an additional 541 shares during the last quarter. Finally, Leslie Global Wealth LLC lifted its position in shares of Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president owned 630,518 shares of the company's stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock worth $13,710,319 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of WMT traded down $1.89 on Thursday, hitting $94.92. The company's stock had a trading volume of 18,834,936 shares, compared to its average volume of 18,115,595. The company has a market capitalization of $757.48 billion, a PE ratio of 40.56, a PEG ratio of 4.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a 50 day moving average price of $97.19 and a 200 day moving average price of $94.48.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping 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 return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, May 9th. Walmart's dividend payout ratio is 40.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Tigress Financial lifted their price objective on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. DA Davidson reiterated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.67.

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.