Glenview Trust co Purchases 8,687 Shares of Walmart Inc. (NYSE:WMT)

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

Other hedge funds have also bought and sold shares of the company. Brophy Wealth Management LLC bought a new stake in Walmart during the third quarter worth $2,072,000. Candriam S.C.A. lifted its holdings in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Bank of New Hampshire lifted its holdings in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after acquiring an additional 5,786 shares during the period. Modera Wealth Management LLC lifted its holdings in Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares during the period. Finally, Iowa State Bank raised its stake in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after buying an additional 18,263 shares during the period. 26.76% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the sale, the executive vice president now owns 460,672 shares of the company's stock, valued at approximately $44,293,612.80. The trade was a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly owns 257,281 shares of the company's stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. Barclays restated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Citigroup restated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Royal Bank of Canada lowered their target price on Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Finally, KeyCorp boosted their target price on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. One equities 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $103.20.

Walmart Price Performance

Shares of WMT traded up $2.43 during midday trading on Monday, reaching $87.78. The stock had a trading volume of 17,635,562 shares, compared to its average volume of 15,840,263. The company's 50-day moving average is $95.74 and its 200 day moving average is $88.80. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. 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 capitalization of $705.13 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

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

Walmart Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

About Walmart

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.