NBT Bank N A NY Buys 1,052 Shares of Walmart Inc. (NYSE:WMT)

NBT Bank N A NY increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,746 shares of the retailer’s stock after buying an additional 1,052 shares during the quarter. Walmart accounts for about 0.8% of NBT Bank N A NY’s holdings, making the stock its 28th biggest holding. NBT Bank N A NY’s holdings in Walmart were worth $12,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter worth $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,777 shares of company stock worth $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 3.1 %

Shares of Walmart stock opened at $91.68 on Monday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock’s 50-day moving average is $96.19 and its 200 day moving average is $88.44. The firm has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.03%. Walmart’s payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WMT shares. Stifel Nicolaus upped their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a report on Friday, February 28th. KeyCorp upped their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Company 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.