Walmart Inc. (NYSE:WMT) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,836 shares of the retailer’s stock after acquiring an additional 2,389 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Walmart were worth $12,815,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter valued at approximately $32,000. Noble Wealth Management PBC purchased a new position in shares of Walmart during the 4th quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday, February 28th. Piper Sandler boosted their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, Evercore ISI cut their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,777 shares of company stock valued at $18,001,116 over the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Trading Down 0.6 %

Shares of WMT stock opened at $85.78 on Friday. The company’s 50-day moving average price is $95.34 and its 200-day moving average price is $88.89. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $687.70 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart’s payout ratio is currently 39.00%.

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.