First National Trust Co Sells 10,682 Shares of Walmart Inc. (NYSE:WMT)

First National Trust Co decreased its position in Walmart Inc. (NYSE:WMT) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,233 shares of the retailer’s stock after selling 10,682 shares during the period. First National Trust Co’s holdings in Walmart were worth $17,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after buying an additional 3,488,530 shares during the period. Barclays PLC lifted its position in shares of Walmart by 46.1% during the third quarter. Barclays PLC now owns 4,491,137 shares of the retailer’s stock worth $718,271,000 after acquiring an additional 1,416,359 shares in the last quarter. FMR LLC boosted its holdings in shares of Walmart by 8.5% in the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock worth $2,698,519,000 after acquiring an additional 1,317,729 shares during the period. Vanguard Group Inc. grew its position in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Walmart by 161.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,157,620 shares of the retailer’s stock valued at $182,499,000 after purchasing an additional 715,125 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the transaction, the insider now owns 671,082,588 shares of the company’s stock, valued at approximately $39,106,219,344.72. The disclosure for this sale can be found here. Insiders sold a total of 29,019,140 shares of company stock valued at $1,696,045,631 in the last quarter. 46.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMT. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a report on Friday, February 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Stifel Europe raised their price target on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Tigress Financial upped their price target on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. increased their price objective on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Trading Up 0.2 %

Shares of NYSE WMT traded up $0.11 during mid-day trading on Friday, hitting $59.82. The stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. The business has a 50 day moving average price of $60.06 and a two-hundred day moving average price of $55.99. The firm has a market cap of $482.03 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. Walmart Inc. has a 1 year low of $48.34 and a 1 year high of $61.65.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.39%. Walmart’s dividend payout ratio is currently 43.38%.

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.