Walmart Inc. (NYSE:WMT) is Field & Main Bank’s 3rd Largest Position

Field & Main Bank trimmed its position in Walmart Inc. (NYSE:WMT) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,411 shares of the retailer’s stock after selling 1,315 shares during the period. Walmart comprises about 3.7% of Field & Main Bank’s investment portfolio, making the stock its 3rd largest position. Field & Main Bank’s holdings in Walmart were worth $10,483,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WMT. Archford Capital Strategies LLC grew its holdings in Walmart by 75.4% in the first quarter. Archford Capital Strategies LLC now owns 66,660 shares of the retailer’s stock valued at $5,852,000 after purchasing an additional 28,659 shares during the period. Strategic Investment Advisors MI grew its stake in shares of Walmart by 23.3% during the 1st quarter. Strategic Investment Advisors MI now owns 13,219 shares of the retailer’s stock valued at $1,161,000 after buying an additional 2,501 shares during the period. Symmetry Partners LLC grew its stake in shares of Walmart by 6.9% during the 1st quarter. Symmetry Partners LLC now owns 19,609 shares of the retailer’s stock valued at $1,721,000 after buying an additional 1,272 shares during the period. Pacific Sage Partners LLC increased its holdings in shares of Walmart by 1.6% during the 1st quarter. Pacific Sage Partners LLC now owns 11,432 shares of the retailer’s stock worth $1,004,000 after buying an additional 179 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in shares of Walmart by 5.9% in the 1st quarter. Cornerstone Wealth Group LLC now owns 64,834 shares of the retailer’s stock worth $5,692,000 after buying an additional 3,627 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WMT shares. Citigroup restated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Evercore ISI increased 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. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.50.

Walmart Price Performance

Shares of WMT opened at $98.04 on Wednesday. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market cap of $782.37 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 4.78 and a beta of 0.69. The stock has a 50 day moving average of $96.53 and a 200-day moving average of $94.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors 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 was Friday, May 9th. Walmart’s dividend payout ratio is presently 40.17%.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $93.50, for a total transaction of $374,000.00. Following the transaction, the executive vice president now owns 1,096,455 shares of the company’s stock, valued at $102,518,542.50. This represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,419 shares of company stock worth $14,295,650 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Company 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.