First American Trust FSB Purchases 3,159 Shares of Walmart Inc. (NYSE:WMT)

First American Trust FSB increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,329 shares of the retailer's stock after acquiring an additional 3,159 shares during the period. Walmart comprises approximately 1.8% of First American Trust FSB's portfolio, making the stock its 11th biggest holding. First American Trust FSB's holdings in Walmart were worth $18,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new position in Walmart during the third quarter valued at $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 1.8 %

Shares of WMT opened at $87.56 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm has a 50 day moving average price of $95.12 and a 200-day moving average price of $89.19. The firm has a market cap of $701.92 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 4.42 and a beta of 0.53.

Remove Ads

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

Walmart Dividend Announcement

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 $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Evercore ISI lowered their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Citigroup reiterated a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Finally, Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average target price of $103.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.