1ST Source Bank Purchases 386 Shares of Walmart Inc. (NYSE:WMT)

1ST Source Bank boosted its position in Walmart Inc. (NYSE:WMT) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,519 shares of the retailer’s stock after buying an additional 386 shares during the period. 1ST Source Bank’s holdings in Walmart were worth $5,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Swedbank AB increased its position in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Versor Investments LP bought a new stake in Walmart during the 3rd quarter worth approximately $231,000. WESPAC Advisors SoCal LLC increased its holdings in Walmart by 1.8% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 177,552 shares of the retailer’s stock worth $14,337,000 after purchasing an additional 3,181 shares in the last quarter. Finally, Accredited Investors Inc. increased its holdings in Walmart by 8.6% during the 3rd quarter. Accredited Investors Inc. now owns 15,518 shares of the retailer’s stock worth $1,253,000 after purchasing an additional 1,227 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Jefferies Financial Group boosted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, February 25th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target of $103.20.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $85.29 on Monday. The company has a market cap of $685.19 billion, a P/E ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. The stock’s fifty day moving average price is $95.74 and its two-hundred day moving average price is $88.80. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart’s payout ratio is currently 39.00%.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by company insiders.

Walmart 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.