First National Trust Co Has $26.49 Million Stock Position in Walmart Inc. (NYSE:WMT)

Key Points

• First National Trust Co has reduced its holdings in Walmart Inc. by 2.7%, now owning 301,705 shares valued at approximately $26.5 million.
• Walmart's recent earnings report showed an EPS of $0.61, surpassing estimates, with revenue of $165.61 billion for the quarter, a 2.5% increase year-over-year.
• Several analysts have raised their price targets for Walmart, with estimates ranging from $103.00 to $120.00, giving the stock a consensus rating of "Moderate Buy".

First National Trust Co lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 301,705 shares of the retailer's stock after selling 8,461 shares during the period. Walmart makes up 1.1% of First National Trust Co's investment portfolio, making the stock its 20th biggest holding. First National Trust Co's holdings in Walmart were worth $26,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Eagle Capital Management LLC raised its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after buying an additional 321 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after acquiring an additional 485 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Rodgers Brothers Inc. boosted its stake in Walmart by 20.1% during the fourth quarter. Rodgers Brothers Inc. now owns 3,132 shares of the retailer's stock worth $283,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Performance

Shares of Walmart stock traded down $0.74 during trading on Wednesday, reaching $97.59. The company's stock had a trading volume of 13,844,039 shares, compared to its average volume of 12,240,789. The company has a 50-day moving average price of $96.78 and a two-hundred day moving average price of $94.93. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market cap of $778.81 billion, a PE ratio of 41.71, a P/E/G ratio of 4.73 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the transaction, the executive vice president owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,112 shares of company stock worth $14,078,027. Company insiders own 45.58% of the company's stock.

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.