Peoples Bank OH Sells 782 Shares of Walmart Inc. (NYSE:WMT)

Peoples Bank OH reduced its position in shares of Walmart Inc. (NYSE:WMT) by 23.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,521 shares of the retailer’s stock after selling 782 shares during the period. Peoples Bank OH’s holdings in Walmart were worth $228,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. SC&H Financial Advisors Inc. raised its position in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the period. Scarborough Advisors LLC raised its position in Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after acquiring an additional 109 shares during the period. Dakota Community Bank & Trust NA raised its position in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the period. Rooted Wealth Advisors Inc. raised its position in Walmart by 2.6% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock worth $394,000 after acquiring an additional 110 shares during the period. Finally, Hobart Private Capital LLC raised its position in Walmart by 1.6% in the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after acquiring an additional 111 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

WMT stock opened at $97.22 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $57.60 and a one year high of $105.30. The stock has a market cap of $781.02 billion, a PE ratio of 39.90, a P/E/G ratio of 4.40 and a beta of 0.55. The firm has a 50 day simple moving average of $95.62 and a two-hundred day simple moving average of $86.25.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.92% and a return on equity of 21.78%. On average, analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Walmart Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Walmart’s previous quarterly dividend of $0.21. Walmart’s payout ratio is presently 34.06%.

Analysts Set New Price Targets

Several analysts have commented on the stock. KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. TD Cowen lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $101.87.

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.