Synovus Financial Corp Has $21.94 Million Stock Holdings in Walmart Inc. $WMT

Key Points

• Synovus Financial Corp reduced its stake in Walmart by 2.6%, currently holding 249,879 shares valued at approximately $21.94 million.
• Walmart reported a quarterly earnings miss with EPS of $0.68, falling short of analysts' expectations of $0.74, while also showing a revenue increase of 4.8% year-over-year.
• The company announced a dividend payout of $0.235 per share, set to be paid on September 2nd, with an ex-dividend date of August 15th.

Synovus Financial Corp trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 249,879 shares of the retailer's stock after selling 6,698 shares during the quarter. Synovus Financial Corp's holdings in Walmart were worth $21,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whelan Financial lifted its stake in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares during the last quarter. Bedel Financial Consulting Inc. lifted its stake in shares of Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after buying an additional 102 shares during the last quarter. Scott & Selber Inc. lifted its stake in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after buying an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after buying an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC lifted its stake in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after buying an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 1.2%

Shares of WMT stock opened at $96.8190 on Friday. Walmart Inc. has a 52-week low of $75.01 and a 52-week high of $105.30. The stock has a market cap of $772.66 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 4.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 0.79. The firm has a fifty day moving average of $97.99 and a 200-day moving average of $95.58.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's dividend payout ratio is currently 35.34%.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the transaction, the executive vice president owned 626,118 shares in the company, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,841 shares of company stock worth $8,565,205. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WMT. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Evercore ISI reiterated an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a research note on Monday, August 18th. Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Mizuho reiterated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Wednesday, August 13th. Finally, Oppenheimer upped their target price on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of "Buy" and an average target price of $110.07.

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.

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