Trustco Bank Corp N Y Has $2.03 Million Stock Position in Walmart Inc. (NYSE:WMT)

Trustco Bank Corp N Y lowered its position in shares of Walmart Inc. (NYSE:WMT) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,512 shares of the retailer’s stock after selling 325 shares during the quarter. Walmart accounts for 2.2% of Trustco Bank Corp N Y’s holdings, making the stock its 17th biggest position. Trustco Bank Corp N Y’s holdings in Walmart were worth $2,034,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Two Sigma Advisers LP boosted its position in Walmart by 34.9% during the 4th quarter. Two Sigma Advisers LP now owns 66,900 shares of the retailer’s stock worth $6,044,000 after acquiring an additional 17,300 shares during the last quarter. Texas Bank & Trust Co acquired a new position in Walmart during the 4th quarter worth approximately $2,768,000. Teza Capital Management LLC acquired a new position in Walmart during the 4th quarter worth approximately $2,969,000. Tolleson Wealth Management Inc. acquired a new position in Walmart during the 4th quarter worth approximately $295,000. Finally, Trace Wealth Advisors LLC acquired a new position in Walmart during the 4th quarter worth approximately $271,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WMT. DA Davidson reaffirmed a “buy” rating and set a $117.00 price target on shares of Walmart in a research report on Friday. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. UBS Group cut their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.94.

Walmart Stock Up 2.0%

WMT stock opened at $98.26 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $786.18 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 4.42 and a beta of 0.70. The business’s fifty day moving average price is $91.19 and its two-hundred day moving average price is $92.55. Walmart Inc. has a fifty-two week low of $63.87 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. Walmart’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is currently 39.00%.

Insider Buying and Selling

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

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.