Bank of Hawaii Reduces Holdings in Walmart Inc. (NYSE:WMT)

Bank of Hawaii decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,050 shares of the retailer's stock after selling 5,874 shares during the period. Bank of Hawaii's holdings in Walmart were worth $6,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. World Investment Advisors grew its position in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after acquiring an additional 19,233 shares during the last quarter. Candriam S.C.A. raised its stake in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire raised its position in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after buying an additional 5,786 shares in the last quarter. Modera Wealth Management LLC boosted its stake in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its holdings in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after acquiring an additional 18,263 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Walmart stock traded up $1.20 during midday trading on Monday, hitting $94.00. The company's stock had a trading volume of 10,248,426 shares, compared to its average volume of 17,631,923. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a 50-day moving average price of $92.43 and a two-hundred day moving average price of $89.95. The company has a market cap of $753.58 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for 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%. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WMT. Royal Bank of Canada reduced their target price on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a report on Thursday. Raymond James decreased their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday. Stifel Nicolaus decreased their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Truist Financial raised their target price on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is currently owned by company insiders.

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.