CNB Bank Acquires 587 Shares of Walmart Inc. (NYSE:WMT)

CNB Bank increased its holdings in Walmart Inc. (NYSE:WMT) by 2.8% in the first quarter, Holdings Channel reports. The institutional investor owned 21,363 shares of the retailer’s stock after buying an additional 587 shares during the period. Walmart makes up 0.9% of CNB Bank’s holdings, making the stock its 25th largest holding. CNB Bank’s holdings in Walmart were worth $1,875,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WMT. Nadler Financial Group Inc. increased its position in shares of Walmart by 4.0% in the first quarter. Nadler Financial Group Inc. now owns 7,588 shares of the retailer’s stock worth $666,000 after purchasing an additional 293 shares during the period. HighMark Wealth Management LLC grew its stake in Walmart by 356.0% during the first quarter. HighMark Wealth Management LLC now owns 944 shares of the retailer’s stock worth $83,000 after buying an additional 737 shares in the last quarter. Holistic Planning LLC grew its stake in Walmart by 32.2% during the first quarter. Holistic Planning LLC now owns 26,450 shares of the retailer’s stock worth $2,322,000 after buying an additional 6,437 shares in the last quarter. PDS Planning Inc increased its holdings in Walmart by 7.9% in the 1st quarter. PDS Planning Inc now owns 28,506 shares of the retailer’s stock valued at $2,503,000 after buying an additional 2,087 shares during the period. Finally, Austin Asset Management Co Inc raised its position in shares of Walmart by 9.2% in the 1st quarter. Austin Asset Management Co Inc now owns 8,966 shares of the retailer’s stock valued at $787,000 after buying an additional 754 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $93.50, for a total transaction of $374,000.00. Following the sale, the executive vice president now owns 1,096,455 shares of the company’s stock, valued at approximately $102,518,542.50. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,295 shares of company stock worth $11,801,762. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.1%

Shares of WMT opened at $96.22 on Friday. The stock’s 50-day moving average price is $96.71 and its two-hundred day moving average price is $94.22. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a market capitalization of $767.85 billion, a PE ratio of 41.12, a PEG ratio of 4.75 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Mizuho lifted their price target on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

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.