Norway Savings Bank Has $431,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Norway Savings Bank lowered its position in shares of Walmart Inc. (NYSE:WMT) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,910 shares of the retailer’s stock after selling 125 shares during the quarter. Norway Savings Bank’s holdings in Walmart were worth $431,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Whelan Financial lifted its position in shares of Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC raised its stake in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after buying an additional 106 shares during the period. Finally, Van Strum & Towne Inc. boosted its position in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Evercore ISI raised their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, 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. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.50.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,294 shares of company stock worth $12,656,659 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $96.16 on Friday. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company’s 50 day moving average price is $96.39 and its two-hundred day moving average price is $94.15. The stock has a market cap of $767.41 billion, a P/E ratio of 41.10, a P/E/G ratio of 4.69 and a beta of 0.69. 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 (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

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.