St. Louis Trust Co Acquires 3,411 Shares of Walmart Inc. (NYSE:WMT)

St. Louis Trust Co lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 22.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,411 shares of the retailer's stock after buying an additional 3,411 shares during the period. St. Louis Trust Co's holdings in Walmart were worth $1,616,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Horizon Financial Services LLC grew its stake in 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 purchasing an additional 262 shares during the period. Bear Mountain Capital Inc. lifted its holdings in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the first quarter valued at approximately $35,000. Lipe & Dalton increased its position in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in Walmart in the fourth quarter worth $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the firm'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 owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated 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 of the company's stock, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,695 shares of company stock valued at $13,710,162 in the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMT. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Raymond James Financial reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Stock Down 0.1%

Shares of Walmart stock traded down $0.08 during midday trading on Friday, hitting $95.01. The company had a trading volume of 14,622,243 shares, compared to its average volume of 18,156,813. The company has a 50 day moving average of $96.81 and a 200 day moving average of $94.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The stock has a market capitalization of $758.22 billion, a P/E ratio of 40.60, a P/E/G ratio of 4.57 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 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 the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued 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%.

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.