Walmart Inc. (NYSE:WMT) Shares Sold by First Interstate Bank

First Interstate Bank cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 quarter.

Several other institutional investors have also recently made changes to their positions in the business. World Investment Advisors lifted its holdings in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares during the period. Cushing Capital Partners LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $1,124,000. GWN Securities Inc. purchased a new stake in shares of Walmart during the 4th quarter worth about $4,658,000. Full Sail Capital LLC boosted its stake in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after acquiring an additional 541 shares in the last quarter. Finally, Leslie Global Wealth LLC boosted its stake in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after acquiring an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 1.5%

NYSE:WMT traded down $1.47 on Thursday, reaching $95.34. 10,425,829 shares of the company's stock were exchanged, compared to its average volume of 18,055,373. The firm has a market capitalization of $760.85 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 4.67 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. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The business has a fifty day moving average of $97.24 and a 200-day moving average of $94.45.

Walmart (NYSE:WMT - Get Free Report) last announced 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. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $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 Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WMT shares. Mizuho increased their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Raymond James Financial dropped their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last three months. Insiders own 45.58% of the company's stock.

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.