Walmart Inc. (NYSE:WMT) Stake Lessened by First Interstate Bank

First Interstate Bank cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 6.3% during the first quarter, according to the company in 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 quarter. First Interstate Bank's holdings in Walmart were worth $8,392,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the period. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the first quarter valued at about $35,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the fourth quarter valued at about $41,000. Nexus Investment Management ULC purchased a new stake in shares of Walmart in the first quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.5%

WMT traded down $0.50 on Friday, reaching $94.36. The company's stock had a trading volume of 14,577,628 shares, compared to its average volume of 18,101,558. The stock has a market cap of $753.03 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 4.66 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The business's 50 day moving average is $97.19 and its 200 day moving average is $94.48.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS 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 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 for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on WMT shares. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Royal Bank Of Canada reissued an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Raymond James Financial reduced their price objective 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. Finally, Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the transaction, the executive vice president directly owned 650,977 shares of the company's stock, valued at $61,693,090.29. This represents a 0.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the transaction, the chief executive officer directly owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by insiders.

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.