FineMark National Bank & Trust Lowers Stake in Walmart Inc. (NYSE:WMT)

FineMark National Bank & Trust decreased its position in shares of Walmart Inc. (NYSE:WMT) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 258,764 shares of the retailer’s stock after selling 7,589 shares during the period. Walmart accounts for approximately 0.8% of FineMark National Bank & Trust’s portfolio, making the stock its 26th largest holding. FineMark National Bank & Trust’s holdings in Walmart were worth $23,379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter valued at about $32,000. Noble Wealth Management PBC acquired a new position in shares of Walmart during the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walmart during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.8 %

Shares of NYSE:WMT opened at $87.56 on Tuesday. The firm has a market cap of $701.92 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a fifty day simple moving average of $95.12 and a 200 day simple moving average of $89.19. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

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

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,777 shares of company stock worth $18,001,116. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. Truist Financial raised their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.17.

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.