ANB Bank Sells 4,858 Shares of Walmart Inc. (NYSE:WMT)

ANB Bank trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,891 shares of the retailer's stock after selling 4,858 shares during the period. ANB Bank's holdings in Walmart were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WMT. Eagle Capital Management LLC raised its position in Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after acquiring an additional 321 shares in the last quarter. Brighton Jones LLC boosted its stake in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE increased its position in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its holdings in Walmart by 4.0% in the 4th quarter. Zions Bancorporation N.A. now owns 5,657 shares of the retailer's stock valued at $511,000 after purchasing an additional 220 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares in the company, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,744 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the sale, the executive vice president owned 649,233 shares of the company's stock, valued at $62,066,674.80. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,696 shares of company stock worth $12,222,245 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.9%

Shares of WMT stock traded up $0.85 on Friday, hitting $97.45. The company's stock had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market capitalization of $777.72 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The firm's fifty day moving average price is $96.76 and its 200-day moving average price is $94.81.

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 return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

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.