Trustco Bank Corp N Y Has $2.03 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Trustco Bank Corp N Y trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,512 shares of the retailer’s stock after selling 325 shares during the quarter. Walmart makes up 2.2% of Trustco Bank Corp N Y’s holdings, making the stock its 17th biggest holding. Trustco Bank Corp N Y’s holdings in Walmart were worth $2,034,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the fourth quarter worth approximately $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Walmart in the fourth quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Walmart in the fourth quarter worth approximately $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, February 25th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Roth Mkm reiterated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Mizuho started coverage on Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 target price for the company. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.94.

Walmart Stock Performance

NYSE WMT opened at $98.26 on Monday. Walmart Inc. has a 1 year low of $63.87 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market cap of $786.18 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 4.42 and a beta of 0.70. The company has a fifty day moving average price of $91.19 and a 200-day moving average price of $92.55.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 39.00%.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the transaction, the executive vice president now owns 632,718 shares of the company’s stock, valued at approximately $61,607,751.66. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,857 shares of company stock worth $12,444,743 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.