Walmart Inc. (NYSE:WMT) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,869,302 shares of the retailer's stock after selling 38,194 shares during the quarter. Truist Financial Corp's holdings in Walmart were worth $339,686,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. World Investment Advisors lifted its holdings in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares during the period. Cushing Capital Partners LLC acquired a new stake in Walmart in the fourth quarter valued at $1,124,000. GWN Securities Inc. acquired a new stake in Walmart in the fourth quarter valued at $4,658,000. Full Sail Capital LLC lifted its holdings in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after acquiring an additional 541 shares during the period. Finally, Leslie Global Wealth LLC lifted its holdings in Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after acquiring an additional 568 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president directly owned 650,977 shares of the company's stock, valued at $61,693,090.29. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock valued at $13,710,319 over the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $98.29 on Friday. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $784.40 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. The business has a 50 day simple moving average of $97.14 and a 200-day simple moving average of $94.35.

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

Walmart Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMT shares. Evercore ISI lifted their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty have given 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 target price of $106.67.

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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