Glenview Trust co Has $76.31 Million Stock Position in Walmart Inc. (NYSE:WMT)

Glenview Trust co lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 844,600 shares of the retailer's stock after acquiring an additional 8,687 shares during the period. Walmart makes up approximately 1.4% of Glenview Trust co's holdings, making the stock its 18th biggest holding. Glenview Trust co's holdings in Walmart were worth $76,310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. Facet Wealth Inc. raised its stake in shares of Walmart by 8.8% in the 4th quarter. Facet Wealth Inc. now owns 7,216 shares of the retailer's stock valued at $652,000 after purchasing an additional 582 shares during the period. Harbour Investments Inc. lifted its stake in Walmart by 5.9% in the 4th quarter. Harbour Investments Inc. now owns 55,827 shares of the retailer's stock valued at $5,044,000 after acquiring an additional 3,118 shares in the last quarter. CV Advisors LLC grew its stake in shares of Walmart by 0.4% during the 4th quarter. CV Advisors LLC now owns 28,868 shares of the retailer's stock worth $2,608,000 after acquiring an additional 120 shares in the last quarter. Tumwater Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter worth $293,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Walmart by 4.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 286,529 shares of the retailer's stock valued at $25,888,000 after buying an additional 10,914 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

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Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Walmart stock traded up $0.79 during trading hours on Friday, reaching $85.29. 35,480,004 shares of the stock were exchanged, compared to its average volume of 15,827,975. 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 twelve month low of $58.56 and a twelve month high of $105.30. The company has a market cap of $685.19 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average of $95.74 and a two-hundred day moving average of $88.80.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced 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. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Piper Sandler raised their price target on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. KeyCorp boosted their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart has an average rating of "Buy" and an average price target of $103.20.

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.