Security National Bank of Sioux City Iowa IA Sells 903 Shares of Walmart Inc. (NYSE:WMT)

Security National Bank of Sioux City Iowa IA cut its holdings in Walmart Inc. (NYSE:WMT) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,598 shares of the retailer’s stock after selling 903 shares during the quarter. Walmart comprises 2.4% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 9th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Walmart were worth $3,397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WMT. Norges Bank bought a new position in shares of Walmart in the 4th quarter worth $5,737,355,000. Raymond James Financial Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $2,306,627,000. Jennison Associates LLC raised its holdings in Walmart by 37.1% in the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock worth $2,289,419,000 after purchasing an additional 6,860,189 shares during the period. Bank of New York Mellon Corp raised its stake in Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares of the company’s stock, valued at $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,857 shares of company stock worth $12,444,743. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.5%

Shares of NYSE WMT opened at $96.31 on Friday. The company has a market cap of $770.57 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $62.94 and a 12 month high of $105.30. The stock has a 50-day moving average price of $90.98 and a two-hundred day moving average price of $92.29.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. During the same period in the previous year, the firm posted $0.60 EPS. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Walmart in a research note on Monday. Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.94.

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.