Huntington National Bank Purchases 65,840 Shares of Walmart Inc. (NYSE:WMT)

Huntington National Bank lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,677,448 shares of the retailer's stock after purchasing an additional 65,840 shares during the period. Walmart accounts for 1.1% of Huntington National Bank's portfolio, making the stock its 22nd largest holding. Huntington National Bank's holdings in Walmart were worth $151,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intrepid Capital Management Inc. lifted its position in shares of Walmart by 4.7% in the fourth quarter. Intrepid Capital Management Inc. now owns 14,903 shares of the retailer's stock valued at $1,346,000 after buying an additional 663 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in Walmart during the 4th quarter valued at $424,000. Meeder Advisory Services Inc. lifted its holdings in Walmart by 5.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 85,118 shares of the retailer's stock valued at $7,690,000 after purchasing an additional 4,248 shares during the last quarter. Groupama Asset Managment boosted its position in Walmart by 91.9% during the fourth quarter. Groupama Asset Managment now owns 798,837 shares of the retailer's stock worth $72,351,000 after purchasing an additional 382,629 shares during the period. Finally, Trexquant Investment LP increased its holdings in shares of Walmart by 710.3% in the fourth quarter. Trexquant Investment LP now owns 495,085 shares of the retailer's stock valued at $44,731,000 after purchasing an additional 433,983 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

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Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,652 shares of company stock valued at $16,590,028. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Walmart stock traded up $1.05 during mid-day trading on Wednesday, reaching $89.88. The company's stock had a trading volume of 19,058,138 shares, compared to its average volume of 16,996,110. The company has a market capitalization of $720.55 billion, a P/E ratio of 37.29, a PEG ratio of 4.42 and a beta of 0.53. The firm's fifty day moving average price is $94.38 and its two-hundred day moving average price is $89.52. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. 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 (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $178.83 billion. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend yield of 1.05%. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Telsey Advisory Group reissued an "outperform" rating on shares of Walmart in a report on Friday, February 28th. Finally, Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus 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.