Rockland Trust Co. Sells 4,338 Shares of Walmart Inc. $WMT

Rockland Trust Co. trimmed its stake in Walmart Inc. (NASDAQ:WMT) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 103,686 shares of the retailer’s stock after selling 4,338 shares during the quarter. Rockland Trust Co.’s holdings in Walmart were worth $11,552,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Walmart by 28.8% in the fourth 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. Revolve Wealth Partners LLC grew its holdings in shares of Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after acquiring an additional 485 shares during the period. Peterson Wealth Management grew its holdings in shares of Walmart by 3.5% during the 1st quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock worth $4,416,000 after acquiring an additional 1,715 shares during the period. Sivia Capital Partners LLC raised its position in shares of Walmart by 0.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer’s stock worth $1,272,000 after acquiring an additional 116 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Walmart by 1.2% in the 2nd quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer’s stock valued at $8,931,000 after purchasing an additional 1,048 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WMT. KeyCorp restated an “overweight” rating and set a $145.00 price target (up from $128.00) on shares of Walmart in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research report on Wednesday, January 21st. Oppenheimer restated an “outperform” rating and set a $140.00 target price (up from $125.00) on shares of Walmart in a report on Monday, February 9th. Craig Hallum set a $150.00 target price on shares of Walmart in a research report on Friday, March 6th. Finally, Bank of America assumed coverage on shares of Walmart in a research note on Friday, February 27th. They issued a “buy” rating and a $150.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $127.79, for a total value of $2,555,800.00. Following the transaction, the executive vice president owned 486,764 shares in the company, valued at approximately $62,203,571.56. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $123.16, for a total transaction of $2,391,274.56. Following the sale, the director owned 4,213,406 shares in the company, valued at approximately $518,923,082.96. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 274,278 shares of company stock worth $33,825,793 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

Walmart Stock Up 0.4%

Shares of NASDAQ:WMT opened at $124.74 on Thursday. The stock has a fifty day simple moving average of $124.65 and a two-hundred day simple moving average of $114.05. The stock has a market capitalization of $994.48 billion, a price-to-earnings ratio of 45.53, a PEG ratio of 4.63 and a beta of 0.66. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $134.69. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38.

Walmart (NASDAQ:WMT) last released its earnings results on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The firm had revenue of $190.66 billion for the quarter, compared to analysts’ expectations of $188.37 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be given a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 11th. Walmart’s dividend payout ratio is 36.13%.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.