Walmart Inc. (NYSE:WMT) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department decreased its stake in Walmart Inc. (NYSE:WMT) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,559 shares of the retailer’s stock after selling 213 shares during the period. Walmart makes up 1.0% of Trustmark National Bank Trust Department’s portfolio, making the stock its 24th biggest position. Trustmark National Bank Trust Department’s holdings in Walmart were worth $13,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. World Investment Advisors grew its stake in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Candriam S.C.A. grew its position in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after buying an additional 599,257 shares in the last quarter. Bank of New Hampshire increased its stake in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the last quarter. Modera Wealth Management LLC raised its holdings in Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Finally, Iowa State Bank boosted its stake in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 2.4 %

Shares of NYSE:WMT opened at $92.81 on Monday. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $744.03 billion, a P/E ratio of 38.51, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a 50 day moving average of $92.43 and a 200-day moving average of $89.95.

Walmart (NYSE:WMT) last released its earnings results 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 return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. Walmart’s dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMT. UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday. Evercore ISI cut their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. KeyCorp lifted their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Wells Fargo & Company upped their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Mizuho began coverage on shares of Walmart in a report on Friday. They issued an “outperform” rating and a $105.00 price objective for the company. Three research analysts have 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 MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $103.58.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares of the company’s stock, valued at $35,288,807.84. The trade was a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is owned by insiders.

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.