UMB Bank n.a. Sells 22,911 Shares of Walmart Inc. (NYSE:WMT)

UMB Bank n.a. cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 629,564 shares of the retailer's stock after selling 22,911 shares during the quarter. Walmart makes up approximately 0.9% of UMB Bank n.a.'s investment portfolio, making the stock its 26th largest holding. UMB Bank n.a.'s holdings in Walmart were worth $55,269,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMT. LexAurum Advisors LLC grew its stake in shares of Walmart by 2.5% during the first quarter. LexAurum Advisors LLC now owns 11,104 shares of the retailer's stock worth $975,000 after acquiring an additional 275 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Walmart by 5.2% during the first quarter. Sivia Capital Partners LLC now owns 12,892 shares of the retailer's stock worth $1,132,000 after acquiring an additional 637 shares during the last quarter. Gemmer Asset Management LLC grew its stake in shares of Walmart by 19.4% during the first quarter. Gemmer Asset Management LLC now owns 7,410 shares of the retailer's stock worth $651,000 after acquiring an additional 1,204 shares during the last quarter. Piscataqua Savings Bank grew its stake in shares of Walmart by 38.2% during the first quarter. Piscataqua Savings Bank now owns 1,085 shares of the retailer's stock worth $95,000 after acquiring an additional 300 shares during the last quarter. Finally, CMC Financial Group purchased a new stake in shares of Walmart during the first quarter worth about $270,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Morgan Stanley restated an "overweight" rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, thirty-one have issued 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 an average target price of $105.16.

Walmart Stock Down 0.5%

Shares of NYSE:WMT opened at $97.46 on Friday. The business has a fifty day moving average of $94.71 and a two-hundred day moving average of $93.88. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $779.77 billion, a P/E ratio of 40.44, a PEG 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.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares of the company's stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last three months. 45.58% of the stock is owned by company insiders.

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.

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