Missouri Trust & Investment Co Sells 389 Shares of Walmart Inc. (NYSE:WMT)

Missouri Trust & Investment Co trimmed its stake in Walmart Inc. (NYSE:WMT) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,471 shares of the retailer’s stock after selling 389 shares during the period. Missouri Trust & Investment Co’s holdings in Walmart were worth $1,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC boosted its position 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 purchasing an additional 262 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the fourth quarter worth $37,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart during the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart during the 1st quarter valued at $49,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, UBS Group lowered their target price on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $106.50.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $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 sold 137,534 shares of company stock worth $12,833,664 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $94.20 on Friday. The business’s 50 day moving average price is $95.79 and its 200-day moving average price is $94.08. Walmart Inc. has a fifty-two week low of $66.41 and a fifty-two week high of $105.30. The company has a market cap of $751.76 billion, a P/E ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69. 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 announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate 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%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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