First National Bank of Mount Dora Trust Investment Services Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

First National Bank of Mount Dora Trust Investment Services lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,703 shares of the retailer's stock after selling 5,046 shares during the period. Walmart accounts for about 2.2% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 14th largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Walmart were worth $9,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Walmart by 9.4% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 101,053 shares of the retailer's stock valued at $8,892,000 after purchasing an additional 8,700 shares during the last quarter. Crescent Sterling Ltd. increased its holdings in shares of Walmart by 47.9% during the first quarter. Crescent Sterling Ltd. now owns 16,775 shares of the retailer's stock valued at $1,473,000 after acquiring an additional 5,434 shares in the last quarter. MADDEN SECURITIES Corp raised its position in shares of Walmart by 0.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 48,096 shares of the retailer's stock worth $4,222,000 after purchasing an additional 250 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Walmart by 24.8% in the 1st quarter. Accurate Wealth Management LLC now owns 39,552 shares of the retailer's stock worth $3,669,000 after purchasing an additional 7,861 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in Walmart by 348.1% during the 1st quarter. Simplicity Wealth LLC now owns 56,775 shares of the retailer's stock valued at $4,984,000 after purchasing an additional 44,106 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. Insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded down $0.11 during trading on Tuesday, reaching $97.34. 17,145,025 shares of the stock traded hands, compared to its average volume of 17,871,585. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $778.81 billion, a price-to-earnings ratio of 40.39, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $65.90 and a 52-week high of $105.30. The business has a fifty day simple moving average of $94.86 and a two-hundred day simple moving average of $93.97.

Walmart (NYSE:WMT - Get Free Report) last posted its 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 21.87% and a net margin of 2.85%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced 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 40.17%.

Wall Street Analyst Weigh In

WMT has been the subject of several recent analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Mizuho raised their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday. Stifel Nicolaus decreased their price objective 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. Royal Bank of Canada increased their target price on Walmart from $102.00 to $103.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Barclays reissued an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.68.

Walmart Company 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.