Arrow Financial Corp Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Arrow Financial Corp reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,888 shares of the retailer's stock after selling 28,514 shares during the quarter. Arrow Financial Corp's holdings in Walmart were worth $2,887,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WMT. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Bear Mountain Capital Inc. boosted its stake in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton lifted its position in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in Walmart during the 4th quarter worth approximately $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president directly owned 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,820 shares of company stock worth $14,584,875 in the last ninety days. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT traded up $0.58 during trading hours on Monday, reaching $95.63. The stock had a trading volume of 13,444,683 shares, compared to its average volume of 18,137,977. The stock has a market capitalization of $763.14 billion, a PE ratio of 37.72, a PEG ratio of 4.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company's 50-day moving average is $96.81 and its two-hundred day moving average is $94.68.

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. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Finally, Stifel Nicolaus cut their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $106.67.

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.