Walmart Inc. (NYSE:WMT) Shares Bought by Huntington National Bank

Huntington National Bank boosted its position in Walmart Inc. (NYSE:WMT) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,677,448 shares of the retailer’s stock after acquiring an additional 65,840 shares during the period. Walmart comprises approximately 1.1% of Huntington National Bank’s holdings, making the stock its 22nd biggest holding. Huntington National Bank’s holdings in Walmart were worth $151,558,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

WMT has been the subject of several research reports. Truist Financial raised their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada lowered their target price on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Stifel Nicolaus decreased their target price on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Finally, Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value 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. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 1.0 %

NYSE WMT opened at $88.70 on Wednesday. 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 stock has a market cap of $711.10 billion, a PE ratio of 36.81, a P/E/G ratio of 4.42 and a beta of 0.53. The stock’s 50 day moving average is $94.45 and its 200 day moving average is $89.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Research 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 issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 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.