Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,547 shares of the retailer's stock after selling 12,119 shares during the period. Walmart comprises 1.8% of Plimoth Trust Co. LLC's portfolio, making the stock its 10th biggest holding. Plimoth Trust Co. LLC's holdings in Walmart were worth $6,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares in the last quarter. Noble Wealth Management PBC purchased a new position in shares of Walmart during the 4th quarter valued at about $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart during the 4th quarter valued at about $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart during the 1st quarter valued at about $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus lowered their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Performance

NYSE:WMT opened at $95.10 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The stock's 50 day simple moving average is $96.32 and its two-hundred day simple moving average is $94.13. The company has a market cap of $758.95 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 4.64 and a beta of 0.69.

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

Walmart Announces Dividend

The business also recently announced 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 dividend payout ratio is currently 40.17%.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,294 shares of company stock valued at $12,656,659. 45.58% of the stock is currently owned by insiders.

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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