First National Bank & Trust Co. of Newtown Sells 4,550 Shares of Walmart Inc. (NYSE:WMT)

First National Bank & Trust Co. of Newtown lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,142 shares of the retailer's stock after selling 4,550 shares during the quarter. First National Bank & Trust Co. of Newtown's holdings in Walmart were worth $2,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after buying an additional 15,290,936 shares in the last quarter. FMR LLC grew its stake in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC grew its position in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock worth $562,280,000 after acquiring an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC grew its position in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Remove Ads

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. The trade was a 12.87 % 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 hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value 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 approximately $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 a total of 176,777 shares of company stock worth $16,570,112 over the last ninety days. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on WMT shares. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Roth Mkm reiterated a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Wells Fargo & Company upped their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Walmart from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average price target of $102.43.

Walmart Price Performance

WMT stock traded down $2.51 during trading on Friday, hitting $94.70. The company had a trading volume of 34,962,340 shares, compared to its average volume of 16,282,283. The company has a fifty day moving average price of $95.63 and a two-hundred day moving average price of $86.57. 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 company has a market cap of $760.77 billion, a P/E ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $57.77 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared 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 of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart's dividend payout ratio (DPR) is presently 34.44%.

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.