Legacy Private Trust Co. Has $9.93 Million Position in Walmart Inc. (NYSE:WMT)

Legacy Private Trust Co. lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,088 shares of the retailer's stock after selling 14,241 shares during the period. Legacy Private Trust Co.'s holdings in Walmart were worth $9,928,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC boosted its position in 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 purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. bought a new stake in Walmart during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT traded up $1.10 during midday trading on Monday, reaching $99.82. 16,974,523 shares of the company traded hands, compared to its average volume of 17,886,540. The stock's 50-day simple moving average is $93.76 and its 200-day simple moving average is $93.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 12 month low of $65.16 and a 12 month high of $105.30. The firm has a market cap of $798.64 billion, a PE ratio of 41.42, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is 40.17%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.94.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,334 shares of company stock valued at $12,615,864 over the last ninety days. 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.