Sanibel Captiva Trust Company Inc. Raises Position in Walmart Inc. (NYSE:WMT)

Sanibel Captiva Trust Company Inc. grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,784 shares of the retailer's stock after buying an additional 11,798 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Walmart were worth $15,081,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased 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 purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at approximately $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter worth about $41,000. Finally, Elevation Wealth Partners LLC grew its holdings in Walmart by 40.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after buying an additional 150 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WMT shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday. Mizuho increased their price objective on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.68.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was 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 of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% 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 valued at $12,833,664. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 1.7%

NYSE WMT traded down $1.62 during trading on Wednesday, reaching $95.70. 16,357,466 shares of the stock traded hands, compared to its average volume of 17,868,540. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a fifty-two week low of $65.90 and a fifty-two week high of $105.30. The stock's 50-day moving average price is $95.06 and its 200 day moving average price is $93.99. The firm has a market cap of $765.70 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released 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. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given 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 is currently 40.17%.

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.