First County Bank CT Sells 5,009 Shares of Walmart Inc. (NYSE:WMT)

First County Bank CT trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 46.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,761 shares of the retailer's stock after selling 5,009 shares during the quarter. First County Bank CT's holdings in Walmart were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC increased its stake in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank bought a new stake in shares of Walmart during the 4th quarter worth about $5,737,355,000. Fisher Asset Management LLC lifted its stake in shares of Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Up 1.5%

NYSE WMT traded up $1.47 on Friday, reaching $98.57. The stock had a trading volume of 29,968,085 shares, compared to its average volume of 17,929,072. 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 1 year low of $64.16 and a 1 year high of $105.30. The business has a 50 day moving average price of $93.46 and a 200 day moving average price of $93.36. The company has a market capitalization of $788.65 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. On average, analysts forecast that Walmart Inc. will post 2.55 EPS 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 given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WMT shares. Roth Mkm reissued a "buy" rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Truist Financial lifted 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. Raymond James cut their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Finally, Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $104.94.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the sale, the executive vice president now directly owns 632,718 shares in the company, valued at approximately $61,607,751.66. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,334 shares of company stock worth $12,615,864 in the last ninety days. 45.58% of the stock is currently owned by 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.