Keybank National Association OH Sells 2,796 Shares of Walmart Inc. (NYSE:WMT)

Keybank National Association OH reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 941,134 shares of the retailer’s stock after selling 2,796 shares during the period. Keybank National Association OH’s holdings in Walmart were worth $85,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter valued at approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Hara Capital LLC bought a new position in shares of Walmart during the third quarter valued at approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Truist Financial lifted their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler raised 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. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Finally, Oppenheimer boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.07.

Walmart Trading Down 1.1 %

NYSE:WMT opened at $97.49 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $96.04 and a two-hundred day moving average price of $87.88. The company has a market cap of $783.17 billion, a P/E ratio of 40.45, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $58.40 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,777 shares of company stock valued at $17,657,316. Company insiders own 45.58% of the company’s stock.

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.