Bank OZK Has $2.70 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Bank OZK grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,873 shares of the retailer's stock after purchasing an additional 7,652 shares during the period. Walmart makes up approximately 1.1% of Bank OZK's investment portfolio, making the stock its 26th largest holding. Bank OZK's holdings in Walmart were worth $2,699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cobblestone Capital Advisors LLC NY increased its stake in shares of Walmart by 1.8% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 9,419 shares of the retailer's stock valued at $851,000 after acquiring an additional 168 shares during the period. Sage Investment Counsel LLC bought a new position in Walmart during the 4th quarter valued at $343,000. SVB Wealth LLC acquired a new position in shares of Walmart during the 4th quarter valued at $19,952,000. Veridan Wealth LLC acquired a new position in shares of Walmart during the 4th quarter valued at $286,000. Finally, Waterway Wealth Management LLC raised its stake in shares of Walmart by 19.9% in the 4th quarter. Waterway Wealth Management LLC now owns 12,984 shares of the retailer's stock worth $1,173,000 after buying an additional 2,152 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. KeyCorp increased their target price on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Citigroup reaffirmed a "positive" rating on shares of Walmart in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $103.07.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, 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 90 days, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.3 %

WMT traded down $0.30 during trading on Monday, reaching $98.31. 5,018,111 shares of the stock traded hands, compared to its average volume of 17,493,449. The stock's 50-day simple moving average is $95.90 and its two-hundred day simple moving average is $87.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $58.40 and a fifty-two week high of $105.30. The stock has a market cap of $789.79 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.96%. Walmart's dividend payout ratio is currently 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.