Trust Point Inc. Cuts Position in Walmart Inc. (NYSE:WMT)

Trust Point Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,555 shares of the retailer's stock after selling 6,036 shares during the period. Trust Point Inc.'s holdings in Walmart were worth $4,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. World Investment Advisors lifted its position in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. boosted its position in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Modera Wealth Management LLC increased its stake in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new position in shares of Walmart during the 4th quarter valued at $1,124,000. Finally, GWN Securities Inc. bought a new position in Walmart during the fourth quarter worth $4,658,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WMT shares. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, UBS Group lowered their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two equities research 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 stock. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.85 during midday trading on Thursday, hitting $95.10. The company's stock had a trading volume of 11,325,607 shares, compared to its average volume of 17,940,555. The firm has a market capitalization of $758.95 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 4.60 and a beta of 0.69. 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 stock has a fifty day moving average price of $96.24 and a 200 day moving average price of $94.11. Walmart Inc. has a one year low of $66.55 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the business's 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 transaction, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock valued at $12,656,659 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart 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.