CoreFirst Bank & Trust Has $2.26 Million Holdings in Walmart Inc. (NYSE:WMT)

CoreFirst Bank & Trust decreased its holdings in Walmart Inc. (NYSE:WMT) by 1.9% during the first quarter, Holdings Channel.com reports. The firm owned 25,708 shares of the retailer’s stock after selling 498 shares during the period. Walmart comprises about 1.5% of CoreFirst Bank & Trust’s portfolio, making the stock its 20th biggest holding. CoreFirst Bank & Trust’s holdings in Walmart were worth $2,257,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Walmart in the first quarter worth $35,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the fourth quarter worth $41,000. Nexus Investment Management ULC purchased a new stake in shares of Walmart during the first quarter worth $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Walmart during the fourth quarter valued at $53,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Mizuho upped their target price on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Truist Financial lifted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, Raymond James Financial dropped their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $106.67.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,711 shares of company stock worth $13,710,319. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.7%

WMT opened at $98.29 on Friday. The business has a 50 day moving average of $97.14 and a 200-day moving average of $94.36. The stock has a market capitalization of $784.40 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 4.73 and a beta of 0.68. 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 Inc. has a 1-year low of $66.67 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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