Keybank National Association OH Reduces Holdings in Walmart Inc. (NYSE:WMT)

Keybank National Association OH decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941,134 shares of the retailer's stock after selling 2,796 shares during the period. Keybank National Association OH's holdings in Walmart were worth $85,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Swedbank AB lifted its holdings in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer's stock worth $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in Walmart by 108.8% during the third quarter. Princeton Global Asset Management LLC now owns 1,574 shares of the retailer's stock worth $127,000 after buying an additional 820 shares during the last quarter. Lansing Street Advisors lifted its stake in shares of Walmart by 3.8% in the third quarter. Lansing Street Advisors now owns 3,916 shares of the retailer's stock valued at $316,000 after buying an additional 145 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Walmart by 66.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,037,249 shares of the retailer's stock valued at $245,258,000 after buying an additional 1,213,162 shares during the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of Walmart by 3.6% in the 3rd quarter. Forum Financial Management LP now owns 72,203 shares of the retailer's stock worth $5,830,000 after acquiring an additional 2,477 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on WMT shares. UBS Group reaffirmed a "buy" rating on shares of Walmart in a research report on Friday, February 28th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Finally, Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. One equities 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 stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $103.07.

Walmart Stock Performance

Shares of NYSE:WMT traded down $2.97 during midday trading on Friday, reaching $91.68. 35,897,844 shares of the company traded hands, compared to its average volume of 15,650,644. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The firm's fifty day moving average price is $96.19 and its two-hundred day moving average price is $88.13. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $736.46 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company's stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is 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.