M&T Bank Corp Sells 38,444 Shares of Walmart Inc. (NYSE:WMT)

M&T Bank Corp lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 680,087 shares of the retailer's stock after selling 38,444 shares during the quarter. M&T Bank Corp's holdings in Walmart were worth $59,704,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart in the 1st quarter valued at $35,000. Mizuho Bank Ltd. acquired a new position in Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC acquired a new position in Walmart in the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in Walmart in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.1%

NYSE WMT traded down $0.14 during trading on Wednesday, reaching $96.95. 13,682,144 shares of the stock traded hands, compared to its average volume of 18,083,237. The firm has a market cap of $773.70 billion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 4.67 and a beta of 0.68. The stock's 50-day moving average price is $97.24 and its 200 day moving average price is $94.43. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared 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 dividend payout ratio (DPR) is presently 40.17%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMT shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Finally, Mizuho raised their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the company'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 value of $217,800.00. Following the completion of the transaction, the executive vice president owned 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Company 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.