Walmart Inc. (NYSE:WMT) Shares Purchased by Intrust Bank NA

Intrust Bank NA increased its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 13,838 shares of the retailer’s stock after purchasing an additional 200 shares during the period. Intrust Bank NA’s holdings in Walmart were worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. International Assets Investment Management LLC raised its holdings in shares of Walmart by 15,371.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after acquiring an additional 3,488,530 shares during the period. Barclays PLC lifted its holdings in shares of Walmart by 46.1% in the 3rd quarter. Barclays PLC now owns 4,491,137 shares of the retailer’s stock worth $718,271,000 after acquiring an additional 1,416,359 shares during the last quarter. FMR LLC lifted its stake in Walmart by 8.5% during the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock worth $2,698,519,000 after purchasing an additional 1,317,729 shares in the last quarter. Vanguard Group Inc. lifted its stake in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after acquiring an additional 751,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Walmart by 161.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,157,620 shares of the retailer’s stock valued at $182,499,000 after purchasing an additional 715,125 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $59.32 on Wednesday. The firm has a market cap of $478.11 billion, a P/E ratio of 31.00, a P/E/G ratio of 3.93 and a beta of 0.49. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65. The business’s 50-day moving average price is $59.99 and its 200 day moving average price is $55.90. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same period last year, the business posted $0.57 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.36 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.40%. Walmart’s payout ratio is currently 43.38%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Morgan Stanley reduced their price target on Walmart to $66.67 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Tigress Financial boosted their price objective on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Stifel Europe raised their target price on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the sale, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the sale, the chief executive officer now owns 4,076,892 shares in the company, valued at $236,187,943.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the transaction, the insider now owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,019,140 shares of company stock worth $1,696,035,551. 46.51% of the stock is owned by 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.