Walmart Inc. (NYSE:WMT) Shares Sold by Citizens Business Bank

Citizens Business Bank lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 57,564 shares of the retailer’s stock after selling 1,100 shares during the period. Citizens Business Bank’s holdings in Walmart were worth $5,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter worth $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares in the company, valued at approximately $61,607,751.66. The trade was a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,857 shares of company stock worth $12,444,743. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.2 %

WMT opened at $98.76 on Thursday. The firm has a 50 day moving average price of $90.62 and a 200 day moving average price of $91.70. Walmart Inc. has a 1 year low of $59.44 and a 1 year 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. The company has a market cap of $790.13 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Truist Financial dropped their price objective on shares of Walmart from $111.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $102.00 price objective on shares of Walmart in a research note on Tuesday. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.94.

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.