Plimoth Trust Co. LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Plimoth Trust Co. LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 13.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,547 shares of the retailer’s stock after selling 12,119 shares during the quarter. Walmart makes up 1.8% of Plimoth Trust Co. LLC’s holdings, making the stock its 10th largest holding. Plimoth Trust Co. LLC’s holdings in Walmart were worth $6,808,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Truist Financial upped 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. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $106.50.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was 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 of the company’s stock, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 directly owns 3,972,517 shares in the company, 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. Over the last three months, insiders have sold 135,294 shares of company stock valued at $12,656,659. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.9%

Walmart stock opened at $95.10 on Friday. The stock has a 50-day moving average of $96.32 and a two-hundred day moving average of $94.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a one year low of $66.55 and a one year high of $105.30. The stock has a market cap of $758.95 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 4.64 and a beta of 0.69.

Walmart (NYSE:WMT) last announced 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. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a dividend 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.