Walmart Inc. (NYSE:WMT) Shares Purchased by Peoples Bank KS

Peoples Bank KS raised its holdings in Walmart Inc. (NYSE:WMT) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,339 shares of the retailer’s stock after buying an additional 445 shares during the quarter. Walmart makes up approximately 1.7% of Peoples Bank KS’s holdings, making the stock its 13th largest holding. Peoples Bank KS’s holdings in Walmart were worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart in the fourth quarter valued at $25,000. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% during 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 last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart in the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at about $37,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WMT shares. KeyCorp raised their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.94.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were 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 owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT stock opened at $98.57 on Friday. The firm has a market cap of $788.65 billion, a P/E ratio of 40.90, a P/E/G ratio of 4.42 and a beta of 0.70. 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 1-year low of $65.16 and a 1-year high of $105.30. The firm has a fifty day moving average of $93.46 and a two-hundred day moving average of $93.41.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

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.