CoreFirst Bank & Trust Reduces Holdings in Walmart Inc. (NYSE:WMT)

CoreFirst Bank & Trust lowered its stake in Walmart Inc. (NYSE:WMT) by 1.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,708 shares of the retailer’s stock after selling 498 shares during the quarter. Walmart makes up about 1.5% of CoreFirst Bank & Trust’s holdings, making the stock its 20th biggest position. CoreFirst Bank & Trust’s holdings in Walmart were worth $2,257,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% during the 4th 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 period. EQ Wealth Advisors LLC bought a new position in shares of Walmart during the first quarter worth about $35,000. Mizuho Bank Ltd. bought a new stake in Walmart in the fourth quarter valued at about $41,000. Nexus Investment Management ULC acquired a new stake in Walmart during the first quarter valued at approximately $49,000. Finally, WealthTrak Capital Management LLC bought a new position in Walmart during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the transaction, the executive vice president owned 650,977 shares in the company, valued at approximately $61,693,090.29. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company’s stock, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock valued at $13,710,319 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 0.7%

WMT opened at $98.29 on Friday. The stock’s fifty day moving average is $97.14 and its 200-day moving average is $94.36. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a market capitalization of $784.40 billion, a PE ratio of 42.00, a P/E/G ratio of 4.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the previous year, the business earned $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Raymond James Financial dropped their price objective on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. KeyCorp lifted their target price on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Citigroup reiterated a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart Company 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.