Rockland Trust Co. Sells 4,338 Shares of Walmart Inc. $WMT

Rockland Trust Co. trimmed its position in shares of Walmart Inc. (NASDAQ:WMT) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,686 shares of the retailer’s stock after selling 4,338 shares during the period. Rockland Trust Co.’s holdings in Walmart were worth $11,552,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Collier Financial bought a new position in Walmart during the third quarter valued at approximately $25,000. Your Advocates Ltd. LLP bought a new stake in shares of Walmart in the 3rd quarter worth approximately $28,000. Redmont Wealth Advisors LLC bought a new stake in shares of Walmart in the 3rd quarter worth approximately $30,000. Beacon Financial Strategies CORP purchased a new stake in shares of Walmart in the 4th quarter valued at $30,000. Finally, Roble Belko & Company Inc boosted its stake in shares of Walmart by 212.6% in the 3rd quarter. Roble Belko & Company Inc now owns 322 shares of the retailer’s stock valued at $33,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $123.16, for a total value of $2,391,274.56. Following the sale, the director directly owned 4,213,406 shares in the company, valued at approximately $518,923,082.96. This trade represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $121.96, for a total value of $1,600,725.00. Following the transaction, the chief executive officer directly owned 687,287 shares in the company, valued at $83,821,522.52. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 274,278 shares of company stock valued at $33,825,793 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. Rothschild & Co Redburn set a $150.00 target price on shares of Walmart in a research report on Tuesday, February 17th. Raymond James Financial restated an “outperform” rating and set a $135.00 price target on shares of Walmart in a research report on Friday, March 6th. BTIG Research reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walmart in a research note on Friday, February 20th. Argus upgraded Walmart to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 target price on Walmart in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Walmart Trading Up 0.4%

NASDAQ:WMT opened at $124.74 on Thursday. The firm has a market capitalization of $994.48 billion, a P/E ratio of 45.53, a P/E/G ratio of 4.63 and a beta of 0.66. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $124.65 and a 200 day moving average of $114.05. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $134.69.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The business had revenue of $190.66 billion for the quarter, compared to analyst estimates of $188.37 billion. During the same quarter last year, the firm earned $0.66 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be paid a $0.2475 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. Walmart’s dividend payout ratio (DPR) is presently 36.13%.

Walmart Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.