Orrstown Financial Services Inc. Sells 1,272 Shares of Walmart Inc. (NYSE:WMT)

Orrstown Financial Services Inc. lessened its holdings in Walmart Inc. (NYSE:WMT) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 20,940 shares of the retailer’s stock after selling 1,272 shares during the period. Walmart makes up approximately 0.4% of Orrstown Financial Services Inc.’s portfolio, making the stock its 28th biggest position. Orrstown Financial Services Inc.’s holdings in Walmart were worth $1,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. Tallon Kerry Patrick bought a new position in Walmart during the 4th quarter worth approximately $252,000. LaFleur & Godfrey LLC boosted its stake in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after acquiring an additional 992 shares during the last quarter. Eagle Capital Management LLC boosted its stake in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after acquiring an additional 321 shares during the last quarter. Brighton Jones LLC boosted its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Walmart during the 4th quarter worth approximately $10,645,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were 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 directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.16.

Walmart Trading Down 0.5%

NYSE WMT opened at $97.46 on Friday. Walmart Inc. has a 12 month low of $65.90 and a 12 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 stock has a 50 day moving average of $94.71 and a 200-day moving average of $93.88. The company has a market cap of $779.77 billion, a PE ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its quarterly 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 for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Walmart 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.