Stock Yards Bank & Trust Co. Sells 2,938 Shares of Walmart Inc. (NYSE:WMT)

Stock Yards Bank & Trust Co. lessened its holdings in Walmart Inc. (NYSE:WMT) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,566 shares of the retailer’s stock after selling 2,938 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Walmart were worth $7,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Jackson Square Capital LLC acquired a new position in Walmart in the 1st quarter valued at $339,000. Goldstone Financial Group LLC grew its holdings in Walmart by 6.1% in the 1st quarter. Goldstone Financial Group LLC now owns 5,707 shares of the retailer’s stock valued at $501,000 after buying an additional 330 shares in the last quarter. CVA Family Office LLC grew its holdings in Walmart by 2.2% in the 1st quarter. CVA Family Office LLC now owns 28,827 shares of the retailer’s stock valued at $2,531,000 after buying an additional 628 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Walmart by 217.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,743 shares of the retailer’s stock valued at $1,031,000 after buying an additional 8,041 shares in the last quarter. Finally, West Branch Capital LLC grew its holdings in Walmart by 4.8% in the 1st quarter. West Branch Capital LLC now owns 73,239 shares of the retailer’s stock valued at $6,430,000 after buying an additional 3,324 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.7%

Shares of WMT stock opened at $94.20 on Friday. The company has a market cap of $751.76 billion, a P/E ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $66.30 and a fifty-two week high of $105.30. The stock has a 50 day simple moving average of $95.79 and a two-hundred day simple moving average of $94.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Insider Buying and Selling

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Mizuho increased their target price on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.50.

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.