Walmart Inc. (NYSE:WMT) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co increased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,958 shares of the retailer's stock after buying an additional 5,059 shares during the quarter. Fiduciary Trust Co's holdings in Walmart were worth $12,013,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter valued at $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 1.4 %

NYSE WMT opened at $97.42 on Friday. Walmart Inc. has a 52 week low of $59.44 and a 52 week high of $105.30. The firm has a 50 day moving average of $90.62 and a two-hundred day moving average of $91.81. 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 stock has a market capitalization of $779.41 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

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. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 39.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Guggenheim reissued a "buy" rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday. KeyCorp upped their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.94.

Insiders Place Their Bets

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the sale, the executive vice president now directly owns 348,357 shares of the company's stock, valued at $32,891,867.94. This represents a 4.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,857 shares of company stock valued at $12,444,743. 45.58% of the stock is currently owned by insiders.

About Walmart

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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