Walmart Inc. (NYSE:WMT) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 4.6% in the first quarter, Holdings Channel reports. The fund owned 104,703 shares of the retailer’s stock after selling 5,046 shares during the period. Walmart accounts for about 2.2% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 14th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Walmart were worth $9,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Walmart by 9.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 101,053 shares of the retailer’s stock valued at $8,892,000 after purchasing an additional 8,700 shares during the period. Crescent Sterling Ltd. increased its position in Walmart by 47.9% during the 1st quarter. Crescent Sterling Ltd. now owns 16,775 shares of the retailer’s stock worth $1,473,000 after purchasing an additional 5,434 shares during the period. MADDEN SECURITIES Corp raised its stake in shares of Walmart by 0.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 48,096 shares of the retailer’s stock worth $4,222,000 after buying an additional 250 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Walmart by 24.8% during the 1st quarter. Accurate Wealth Management LLC now owns 39,552 shares of the retailer’s stock worth $3,669,000 after buying an additional 7,861 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in shares of Walmart by 348.1% in the 1st quarter. Simplicity Wealth LLC now owns 56,775 shares of the retailer’s stock valued at $4,984,000 after buying an additional 44,106 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on 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 approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $97.45 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $65.90 and a 1-year high of $105.30. The company has a market capitalization of $779.66 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 4.42 and a beta of 0.69. The business has a 50-day moving average of $94.86 and a 200-day moving average of $93.97.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Citigroup reiterated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Roth Mkm restated a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Two 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.68.

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.