Thomasville National Bank Has $4.54 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Thomasville National Bank decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,750 shares of the retailer's stock after selling 3,361 shares during the quarter. Thomasville National Bank's holdings in Walmart were worth $4,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC boosted its holdings 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 valued at $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the 4th quarter worth about $41,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Walmart in the 1st quarter worth about $49,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.7%

WMT stock traded down $0.63 during mid-day trading on Friday, reaching $94.20. 18,672,575 shares of the stock traded hands, compared to its average volume of 17,923,078. The stock's fifty day moving average is $95.54 and its 200-day moving average is $94.04. The company has a market cap of $753.69 billion, a P/E ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52-week low of $66.30 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect 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. Stockholders of record on Monday, May 12th were given 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 (DPR) is presently 40.17%.

Analysts Set New Price Targets

Several research firms have commented on WMT. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Tuesday, February 25th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart has an average rating of "Moderate Buy" and an average price target of $106.50.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.