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 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.
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.
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