Walmart Inc. $WMT Holdings Decreased by Bank OZK

Key Points

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Bank OZK reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 26.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,957 shares of the retailer's stock after selling 7,916 shares during the quarter. Bank OZK's holdings in Walmart were worth $1,928,000 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. Vanguard Group Inc. grew its stake in shares of Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after purchasing an additional 3,224,154 shares in the last quarter. Northern Trust Corp grew its stake in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Walmart by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after purchasing an additional 233,040 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after purchasing an additional 823,020 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Mizuho reissued an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Wednesday, August 13th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Tigress Financial increased their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. upped their price objective on Walmart from $112.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Walmart presently has a consensus rating of "Buy" and a consensus target price of $109.89.

Walmart Trading Up 0.7%

Shares of NYSE WMT opened at $100.65 on Tuesday. The business has a fifty day simple moving average of $97.67 and a 200-day simple moving average of $95.58. The company has a market cap of $803.23 billion, a price-to-earnings ratio of 43.01, a P/E/G ratio of 4.80 and a beta of 0.66. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12 month low of $73.34 and a 12 month high of $105.30.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio is currently 40.17%.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the sale, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. This represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at approximately $62,066,674.80. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,334 shares of company stock worth $13,526,350. 0.10% of the stock is currently owned by company 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.

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