Moody National Bank Trust Division Has $5.53 Million Holdings in Walmart Inc. (NYSE:WMT)

Moody National Bank Trust Division reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,964 shares of the retailer’s stock after selling 1,162 shares during the quarter. Moody National Bank Trust Division’s holdings in Walmart were worth $5,528,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMT. World Investment Advisors raised its stake in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after buying an additional 19,233 shares in the last quarter. Candriam S.C.A. raised its stake in shares of Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after buying an additional 599,257 shares in the last quarter. Modera Wealth Management LLC raised its stake in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after buying an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new position in shares of Walmart in the 4th quarter valued at $1,124,000. Finally, Campbell Wealth Management acquired a new position in shares of Walmart in the 4th quarter valued at $359,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of NYSE:WMT opened at $97.04 on Friday. The company has a market capitalization of $776.43 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 4.42 and a beta of 0.70. The firm’s 50 day simple moving average is $93.19 and its 200 day simple moving average is $93.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30.

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

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMT. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Mizuho started coverage on shares of Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 target price on the stock. Evercore ISI lowered their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.94.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the sale, the executive vice president now directly owns 1,064,455 shares in the company, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,334 shares of company stock worth $12,615,864 in the last ninety days. Company insiders own 45.58% of the company’s stock.

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.