Walmart Inc. (NYSE:WMT) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,641 shares of the retailer's stock after selling 12,232 shares during the quarter. Walmart accounts for approximately 2.4% of Oakworth Capital Inc.'s portfolio, making the stock its 13th largest holding. Oakworth Capital Inc.'s holdings in Walmart were worth $34,470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Vanguard Group Inc. raised its position in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the period. Geode Capital Management LLC boosted its position in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter valued at about $5,737,355,000. Fisher Asset Management LLC raised its holdings in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after buying an additional 1,133,201 shares during the period. Finally, Northern Trust Corp lifted its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMT shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Up 1.4%

Shares of NYSE:WMT opened at $97.41 on Friday. The company's fifty day moving average is $96.80 and its two-hundred day moving average is $94.24. 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 1-year low of $66.67 and a 1-year high of $105.30. The stock has a market capitalization of $777.37 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the completion of the transaction, the chief executive officer now owns 4,480,347 shares in the company, valued at approximately $422,003,883.93. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The stock was 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 in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,711 shares of company stock valued at $13,688,803. Insiders own 45.58% of the company's stock.

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.

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