Walmart Inc. (NYSE:WMT) Shares Sold by Citizens Business Bank

Citizens Business Bank lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Alpha Cubed Investments LLC raised its position in shares of Walmart by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 9,291 shares of the retailer’s stock worth $1,465,000 after purchasing an additional 120 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Walmart by 19.4% in the fourth quarter. Brighton Jones LLC now owns 23,402 shares of the retailer’s stock worth $3,689,000 after acquiring an additional 3,802 shares during the last quarter. Mission Wealth Management LP raised its holdings in shares of Walmart by 14.6% in the fourth quarter. Mission Wealth Management LP now owns 14,832 shares of the retailer’s stock worth $2,338,000 after acquiring an additional 1,884 shares during the last quarter. Compass Capital Management Inc. lifted its position in shares of Walmart by 0.3% in the fourth quarter. Compass Capital Management Inc. now owns 331,665 shares of the retailer’s stock valued at $52,287,000 after acquiring an additional 867 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its stake in shares of Walmart by 12.2% during the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $244,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $55.72, for a total transaction of $167,160.00. Following the completion of the sale, the executive vice president now owns 530,613 shares in the company, valued at approximately $29,565,756.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were 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 approximately $39,237,458,141.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $55.72, for a total transaction of $167,160.00. Following the transaction, the executive vice president now directly owns 530,613 shares in the company, valued at approximately $29,565,756.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,019,140 shares of company stock valued at $1,696,035,551. 46.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMT. JPMorgan Chase & Co. upped their target price on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $68.00 target price on shares of Walmart in a research note on Wednesday, March 27th. Stifel Europe increased their price target on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Stock Down 1.5 %

Walmart stock traded down $0.92 during midday trading on Tuesday, hitting $59.32. 14,196,731 shares of the company were exchanged, compared to its average volume of 18,705,756. The company has a market cap of $478.11 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 3.93 and a beta of 0.49. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65. The company’s fifty day moving average price is $59.98 and its 200-day moving average price is $55.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24.

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

Walmart Dividend Announcement

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