Capital City Trust Co. FL Boosts Holdings in Walmart Inc. (NYSE:WMT)

Capital City Trust Co. FL increased its holdings in Walmart Inc. (NYSE:WMT) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 85,566 shares of the retailer’s stock after acquiring an additional 1,018 shares during the quarter. Walmart accounts for 1.9% of Capital City Trust Co. FL’s portfolio, making the stock its 12th largest position. Capital City Trust Co. FL’s holdings in Walmart were worth $7,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Swedbank AB lifted its holdings in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares in the last quarter. X Square Capital LLC lifted its holdings in Walmart by 3.1% during the third quarter. X Square Capital LLC now owns 34,460 shares of the retailer’s stock valued at $2,783,000 after purchasing an additional 1,032 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Walmart during the third quarter valued at approximately $1,082,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Walmart by 11.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 101,000 shares of the retailer’s stock valued at $8,156,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. lifted its holdings in Walmart by 2.2% during the third quarter. Beese Fulmer Investment Management Inc. now owns 22,430 shares of the retailer’s stock valued at $1,811,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WMT shares. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. UBS Group reduced their price objective on shares of Walmart from $113.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Citigroup lifted their price objective on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research report on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.43.

Walmart Stock Down 2.6 %

Shares of WMT opened at $94.70 on Friday. The firm has a market capitalization of $760.77 billion, a P/E ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $57.77 and a 12-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. The firm has a fifty day moving average price of $95.63 and a 200-day moving average price of $86.44.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 34.44%.

Insider Buying and Selling

In related news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,777 shares of company stock valued at $16,570,112 over the last three months. 45.58% of the stock is owned by company insiders.

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.