First National Trust Co Sells 5,144 Shares of Walmart Inc. (NYSE:WMT)

First National Trust Co decreased its holdings in Walmart Inc. (NYSE:WMT) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 310,166 shares of the retailer’s stock after selling 5,144 shares during the period. Walmart makes up about 1.1% of First National Trust Co’s portfolio, making the stock its 19th biggest position. First National Trust Co’s holdings in Walmart were worth $28,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at $2,072,000. Candriam S.C.A. lifted its holdings in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after buying an additional 599,257 shares during the period. Bank of New Hampshire lifted its holdings in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the period. Modera Wealth Management LLC lifted its holdings in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after buying an additional 9,292 shares during the period. Finally, Iowa State Bank lifted its holdings in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % 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, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMT. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. Evercore ISI dropped 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. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Finally, Robert W. Baird boosted their price objective on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $103.20.

Walmart Trading Down 1.0 %

NYSE:WMT opened at $84.36 on Friday. The company has a market cap of $677.67 billion, a P/E ratio of 35.00, a P/E/G ratio of 4.42 and a beta of 0.53. The stock’s fifty day moving average price is $95.85 and its two-hundred day moving average price is $88.56. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. 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 (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.11%. Walmart’s payout ratio is currently 39.00%.

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.