Citizens Business Bank Has $3.13 Million Stake in Walmart Inc. (NYSE:WMT)

Citizens Business Bank lessened its holdings in Walmart Inc. (NYSE:WMT) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 19,860 shares of the retailer’s stock after selling 714 shares during the period. Citizens Business Bank’s holdings in Walmart were worth $3,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in WMT. Authentikos Wealth Advisory LLC bought a new stake in shares of Walmart during the 3rd quarter worth about $25,000. Kepos Capital LP acquired a new stake in Walmart during the third quarter worth approximately $40,000. Milestone Investment Advisors LLC bought a new stake in shares of Walmart during the third quarter worth approximately $41,000. Fortitude Family Office LLC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $45,000. Finally, Orion Capital Management LLC acquired a new stake in Walmart during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $68.00 price objective on shares of Walmart in a report on Wednesday, March 27th. Evercore ISI decreased their price target on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Stifel Nicolaus restated a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. JPMorgan Chase & Co. raised their target price on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a report on Monday, February 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Insider Buying and Selling at Walmart

In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the completion of the sale, the director now owns 677,052,654 shares of the company’s stock, valued at approximately $39,237,458,141.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the sale, the director now owns 677,052,654 shares of the company’s stock, valued at $39,237,458,141.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,019,140 shares of company stock worth $1,696,035,551. Insiders own 46.51% of the company’s stock.

Walmart Trading Down 1.5 %

Walmart stock traded down $0.92 during trading hours on Tuesday, hitting $59.32. The stock had a trading volume of 14,196,731 shares, compared to its average volume of 18,705,756. The business’s 50 day simple moving average is $59.98 and its 200-day simple moving average is $55.86. The stock has a market cap of $478.11 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 3.93 and a beta of 0.49. Walmart Inc. has a one year low of $48.34 and a one year high of $61.65. 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 quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities analysts predict that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

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

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.