Stock Yards Bank & Trust Co. Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Stock Yards Bank & Trust Co. decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,566 shares of the retailer's stock after selling 2,938 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Walmart were worth $7,600,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jackson Square Capital LLC bought a new stake in shares of Walmart during the 1st quarter worth approximately $339,000. Goldstone Financial Group LLC increased its holdings in Walmart by 6.1% during the first quarter. Goldstone Financial Group LLC now owns 5,707 shares of the retailer's stock worth $501,000 after buying an additional 330 shares during the last quarter. CVA Family Office LLC raised its position in Walmart by 2.2% during the first quarter. CVA Family Office LLC now owns 28,827 shares of the retailer's stock worth $2,531,000 after acquiring an additional 628 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in Walmart by 217.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 11,743 shares of the retailer's stock valued at $1,031,000 after acquiring an additional 8,041 shares during the last quarter. Finally, West Branch Capital LLC grew its position in shares of Walmart by 4.8% in the 1st quarter. West Branch Capital LLC now owns 73,239 shares of the retailer's stock valued at $6,430,000 after acquiring an additional 3,324 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.7%

WMT stock traded down $0.63 during trading on Friday, hitting $94.20. The company had a trading volume of 18,672,575 shares, compared to its average volume of 17,923,098. The stock has a market cap of $751.76 billion, a PE ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. The business has a 50-day moving average of $95.79 and a 200-day moving average of $94.06. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a one year low of $66.30 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders 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 payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WMT. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Raymond James cut their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business'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 completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by company insiders.

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.