American National Bank & Trust Has $24.90 Million Stake in Walmart Inc. (NYSE:WMT)

American National Bank & Trust grew its stake in Walmart Inc. (NYSE:WMT - Free Report) by 7.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,638 shares of the retailer's stock after purchasing an additional 20,878 shares during the period. Walmart makes up approximately 2.8% of American National Bank & Trust's portfolio, making the stock its 7th biggest holding. American National Bank & Trust's holdings in Walmart were worth $24,901,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new position in Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC increased its stake in shares of 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 acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Walmart in the 4th quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new position in Walmart during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.1%

Shares of WMT stock traded down $0.06 during mid-day trading on Wednesday, reaching $99.92. The company's stock had a trading volume of 5,115,353 shares, compared to its average volume of 20,625,625. The company's 50 day simple moving average is $94.05 and its 200-day simple moving average is $93.63. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $65.64 and a 12-month high of $105.30. The firm has a market capitalization of $799.45 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

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

Walmart Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on WMT shares. Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Mizuho initiated coverage on Walmart in a report on Friday, April 11th. They issued an "outperform" rating and a $105.00 target price on the stock. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $105.16.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value 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 $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,334 shares of company stock worth $12,615,864. Insiders own 45.58% of the company's stock.

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.