Walmart Inc. (NYSE:WMT) Shares Bought by Independence Bank of Kentucky

Independence Bank of Kentucky grew its position in Walmart Inc. (NYSE:WMT) by 0.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 52,056 shares of the retailer’s stock after purchasing an additional 197 shares during the period. Walmart accounts for about 0.7% of Independence Bank of Kentucky’s portfolio, making the stock its 29th biggest position. Independence Bank of Kentucky’s holdings in Walmart were worth $4,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the business. City State Bank raised its stake in Walmart by 1.4% in the first quarter. City State Bank now owns 13,338 shares of the retailer’s stock valued at $1,171,000 after buying an additional 190 shares during the last quarter. First Affirmative Financial Network increased its holdings in shares of Walmart by 2.6% during the first quarter. First Affirmative Financial Network now owns 7,430 shares of the retailer’s stock valued at $652,000 after acquiring an additional 186 shares in the last quarter. Radnor Capital Management LLC raised its position in shares of Walmart by 0.6% in the 1st quarter. Radnor Capital Management LLC now owns 71,246 shares of the retailer’s stock valued at $6,255,000 after purchasing an additional 411 shares during the last quarter. Disciplined Investments LLC boosted its stake in Walmart by 55.6% in the 1st quarter. Disciplined Investments LLC now owns 31,046 shares of the retailer’s stock worth $2,726,000 after purchasing an additional 11,096 shares in the last quarter. Finally, Horizon Wealth Management LLC boosted its stake in Walmart by 12.3% in the 1st quarter. Horizon Wealth Management LLC now owns 3,533 shares of the retailer’s stock worth $310,000 after purchasing an additional 387 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of WMT opened at $97.46 on Friday. The firm has a market capitalization of $779.77 billion, a PE ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69. The stock’s 50 day moving average is $94.71 and its two-hundred day moving average is $93.84. Walmart Inc. has a twelve month low of $65.64 and a twelve month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on WMT. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Robert W. Baird boosted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Raymond James cut their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.16.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $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 the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is 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.