Fulton Bank N.A. Has $4.91 Million Stake in Walmart Inc. (NYSE:WMT)

Fulton Bank N.A. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,929 shares of the retailer’s stock after selling 1,939 shares during the quarter. Fulton Bank N.A.’s holdings in Walmart were worth $4,910,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whelan Financial raised its holdings in shares of Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC grew its stake in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. increased its holdings in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC raised its position in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,334 shares of company stock worth $12,615,864. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on WMT shares. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Raymond James lowered their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Two equities 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.94.

Walmart Price Performance

Shares of Walmart stock opened at $99.82 on Tuesday. The firm has a market cap of $798.64 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The firm’s 50-day simple moving average is $93.76 and its 200-day simple moving average is $93.58. Walmart Inc. has a twelve month low of $65.16 and a twelve month high of $105.30. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is presently 40.17%.

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.