Walmart Inc. (NYSE:WMT) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,637 shares of the retailer's stock after selling 21,095 shares during the quarter. Walmart comprises 1.7% of Community Trust & Investment Co.'s holdings, making the stock its 13th biggest position. Community Trust & Investment Co.'s holdings in Walmart were worth $26,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WMT. Tallon Kerry Patrick acquired a new stake in Walmart during the fourth quarter worth about $252,000. LaFleur & Godfrey LLC grew its holdings in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC grew its holdings in Walmart by 9.1% during 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 during the period. Brighton Jones LLC grew its holdings in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Walmart during the fourth quarter worth about $10,645,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on WMT shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Mizuho increased their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Two 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Walmart Price Performance

WMT stock opened at $94.28 on Tuesday. The business has a fifty day moving average of $96.04 and a two-hundred day moving average of $94.11. 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 $752.39 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $66.41 and a 52-week high of $105.30.

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

Walmart Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock valued at $12,833,664 over the last quarter. 45.58% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.