Walmart Inc. (NYSE:WMT) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 27.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,258 shares of the retailer's stock after selling 54,505 shares during the period. Nixon Peabody Trust Co.'s holdings in Walmart were worth $12,664,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC boosted its position in shares of 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 buying an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the 4th quarter valued at $41,000. Finally, Elevation Wealth Partners LLC lifted its stake in Walmart by 40.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after acquiring an additional 150 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WMT shares. Roth Mkm restated a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. KeyCorp lifted their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their price target 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. Raymond James dropped their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho started coverage on shares of Walmart in a research note on Friday, April 11th. They set an "outperform" rating and a $105.00 target price for the company. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.16.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 1.5%

Shares of Walmart stock traded down $1.53 during mid-day trading on Thursday, hitting $97.82. 15,800,659 shares of the stock were exchanged, compared to its average volume of 17,879,710. The stock has a market capitalization of $782.64 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $65.64 and a twelve month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $94.33 and a 200 day simple moving average of $93.67.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

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.