Colonial Trust Advisors Has $15.80 Million Stock Position in Walmart Inc. (NYSE:WMT)

Colonial Trust Advisors decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,850 shares of the retailer's stock after selling 5,202 shares during the quarter. Walmart accounts for about 1.4% of Colonial Trust Advisors' holdings, making the stock its 18th biggest position. Colonial Trust Advisors' holdings in Walmart were worth $15,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after buying an additional 809,352 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Walmart by 3.1% during the third quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer's stock valued at $188,742,000 after acquiring an additional 71,075 shares during the last quarter. Soltis Investment Advisors LLC increased its position in Walmart by 31.9% during the 3rd quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer's stock worth $946,000 after purchasing an additional 2,831 shares in the last quarter. TCW Group Inc. raised its stake in Walmart by 140.1% in the 3rd quarter. TCW Group Inc. now owns 151,115 shares of the retailer's stock valued at $12,203,000 after purchasing an additional 88,177 shares during the last quarter. Finally, Second Line Capital LLC lifted its holdings in Walmart by 6.0% in the 3rd quarter. Second Line Capital LLC now owns 46,450 shares of the retailer's stock valued at $3,751,000 after purchasing an additional 2,614 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Walmart stock traded up $1.37 during mid-day trading on Monday, hitting $94.17. The company's stock had a trading volume of 11,658,197 shares, compared to its average volume of 17,636,153. The stock has a market capitalization of $754.95 billion, a P/E ratio of 39.07, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The stock's fifty day moving average price is $92.43 and its two-hundred day moving average price is $89.95. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results 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 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%. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analyst Ratings Changes

WMT has been the subject of several analyst reports. Truist Financial boosted their price target on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Thursday. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Mizuho started coverage on Walmart in a research note on Friday. They set an "outperform" rating and a $105.00 target price for the company. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.58.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,852 shares of company stock valued at $16,785,080. Corporate insiders own 45.58% of the company's stock.

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.