Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Thomasville National Bank

Thomasville National Bank decreased its position in Walmart Inc. (NYSE:WMT – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,590 shares of the retailer’s stock after selling 383 shares during the quarter. Thomasville National Bank’s holdings in Walmart were worth $2,636,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in shares of Walmart during the second quarter worth $5,302,000. Windward Capital Management Co. CA lifted its holdings in shares of Walmart by 0.7% in the third quarter. Windward Capital Management Co. CA now owns 28,022 shares of the retailer’s stock valued at $3,634,000 after purchasing an additional 201 shares in the last quarter. Spotlight Asset Group Inc. acquired a new position in Walmart during the third quarter valued at $536,000. Meritage Portfolio Management increased its stake in Walmart by 35.2% in the 3rd quarter. Meritage Portfolio Management now owns 20,160 shares of the retailer’s stock valued at $2,615,000 after buying an additional 5,253 shares during the period. Finally, Norris Perne & French LLP MI grew its holdings in shares of Walmart by 6.9% during the 3rd quarter. Norris Perne & French LLP MI now owns 2,989 shares of the retailer’s stock valued at $388,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 31.27% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $139.40 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.82. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77. The business has a 50 day simple moving average of $142.27 and a 200 day simple moving average of $141.04. The stock has a market cap of $375.93 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 4.18 and a beta of 0.48.

Walmart (NYSE:WMT – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. The business had revenue of $164.05 billion for the quarter, compared to analyst estimates of $158.67 billion. Walmart had a net margin of 1.91% and a return on equity of 20.45%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $1.53 earnings per share. Analysts anticipate that Walmart Inc. will post 6.08 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 7th. Walmart’s payout ratio is 52.34%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WMT shares. Cowen boosted their target price on Walmart from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, February 15th. Atlantic Securities increased their price objective on Walmart from $150.00 to $165.00 in a report on Thursday, December 1st. Credit Suisse Group set a $170.00 target price on shares of Walmart and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Oppenheimer dropped their price target on shares of Walmart from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 6th. Finally, Barclays began coverage on shares of Walmart in a research note on Tuesday, February 7th. They issued an “overweight” rating and a $159.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $162.44.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $143.82, for a total transaction of $1,396,204.56. Following the sale, the chief executive officer now directly owns 1,458,924 shares of the company’s stock, valued at approximately $209,822,449.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John R. Furner sold 4,375 shares of the company’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $144.81, for a total value of $633,543.75. Following the sale, the executive vice president now directly owns 255,059 shares of the company’s stock, valued at approximately $36,935,093.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $143.82, for a total value of $1,396,204.56. Following the transaction, the chief executive officer now owns 1,458,924 shares of the company’s stock, valued at approximately $209,822,449.68. The disclosure for this sale can be found here. Insiders sold 9,830,325 shares of company stock valued at $1,378,798,478 in the last ninety days. 47.06% of the stock is currently owned by corporate insiders.

About Walmart

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.