Walmart Inc. (NYSE:WMT) Shares Sold by Country Club Bank

Country Club Bank decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 376,743 shares of the retailer's stock after selling 4,122 shares during the period. Walmart makes up approximately 2.2% of Country Club Bank's investment portfolio, making the stock its 7th largest holding. Country Club Bank's holdings in Walmart were worth $32,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Financial Services LLC lifted 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 worth $26,000 after purchasing an additional 262 shares during the period. EQ Wealth Advisors LLC acquired a new position in Walmart in the first quarter valued at approximately $35,000. Mizuho Bank Ltd. acquired a new position in Walmart in the fourth quarter valued at approximately $41,000. Nexus Investment Management ULC acquired a new position in Walmart in the first quarter valued at approximately $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in Walmart in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.50 during mid-day trading on Friday, hitting $94.36. The company had a trading volume of 14,577,628 shares, compared to its average volume of 18,111,476. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The business's 50-day simple moving average is $97.19 and its 200-day simple moving average is $94.48. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The firm has a market cap of $753.03 billion, a P/E ratio of 40.32, a PEG ratio of 4.57 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last posted 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 company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. UBS Group dropped their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Evercore ISI lifted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Tigress Financial lifted their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at approximately $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 three months, insiders have sold 142,711 shares of company stock worth $13,710,319. 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.