CENTRAL TRUST Co Grows Stock Position in Walmart Inc. (NYSE:WMT)

CENTRAL TRUST Co lifted its stake in Walmart Inc. (NYSE:WMTFree Report) by 194.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 539,877 shares of the retailer’s stock after buying an additional 356,328 shares during the quarter. CENTRAL TRUST Co’s holdings in Walmart were worth $32,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley Brook Capital Group Inc. boosted its holdings in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares in the last quarter. Motco boosted its stake in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after acquiring an additional 15,448 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $2,340,000. Finally, Capital Wealth Planning LLC raised its holdings in Walmart by 32.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after purchasing an additional 518,896 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, SVP David Chojnowski sold 10,950 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.33, for a total value of $638,750.00. Following the sale, the senior vice president now owns 104,346 shares of the company’s stock, valued at $6,086,850. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, SVP David Chojnowski sold 10,950 shares of Walmart stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.33, for a total value of $638,750.00. Following the completion of the transaction, the senior vice president now directly owns 104,346 shares of the company’s stock, valued at approximately $6,086,850. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 14,685,327 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the sale, the director now directly owns 656,397,261 shares in the company, valued at approximately $38,473,631,458.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,559,390 shares of company stock valued at $1,924,568,769. Company insiders own 46.51% of the company’s stock.

Walmart Trading Up 1.5 %

WMT stock traded up $0.97 during midday trading on Tuesday, hitting $65.15. 16,967,040 shares of the company’s stock were exchanged, compared to its average volume of 18,832,119. Walmart Inc. has a 1-year low of $48.34 and a 1-year high of $65.19. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $524.98 billion, a PE ratio of 27.88, a P/E/G ratio of 4.16 and a beta of 0.49. The business has a 50-day simple moving average of $60.48 and a two-hundred day simple moving average of $56.65.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.39 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.27%. Walmart’s dividend payout ratio is currently 35.52%.

Analysts Set New Price Targets

A number of analysts have recently commented on WMT shares. JPMorgan Chase & Co. boosted their price objective on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research report on Monday, February 19th. Royal Bank of Canada upped their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird increased their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. Telsey Advisory Group boosted their target price on shares of Walmart from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $68.01.

View Our Latest Research Report on Walmart

Walmart Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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