First American Trust FSB Purchases 3,159 Shares of Walmart Inc. (NYSE:WMT)

First American Trust FSB increased its holdings in Walmart Inc. (NYSE:WMT) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,329 shares of the retailer’s stock after acquiring an additional 3,159 shares during the period. Walmart comprises approximately 1.8% of First American Trust FSB’s portfolio, making the stock its 11th biggest holding. First American Trust FSB’s holdings in Walmart were worth $18,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new position in Walmart during the third quarter valued at $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 1.8 %

Shares of WMT opened at $87.56 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm has a 50 day moving average price of $95.12 and a 200-day moving average price of $89.19. The firm has a market cap of $701.92 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI lowered their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Citigroup reiterated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $103.17.

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.