Arvest Bank Trust Division Has $18.30 Million Holdings in Walmart Inc. (NYSE:WMT)

Arvest Bank Trust Division boosted its position in Walmart Inc. (NYSE:WMT) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,533 shares of the retailer’s stock after buying an additional 1,572 shares during the period. Walmart makes up 1.1% of Arvest Bank Trust Division’s holdings, making the stock its 25th biggest holding. Arvest Bank Trust Division’s holdings in Walmart were worth $18,299,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares during the last quarter. Virtu Financial LLC purchased a new position in Walmart in the third quarter valued at about $541,000. SOA Wealth Advisors LLC. grew its position in shares of Walmart by 4.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer’s stock valued at $731,000 after acquiring an additional 364 shares during the period. Aldebaran Financial Inc. increased its stake in shares of Walmart by 10.9% during the 3rd quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer’s stock worth $1,797,000 after purchasing an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. bought a new stake in shares of Walmart in the 3rd quarter worth approximately $504,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WMT. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Oppenheimer cut their price objective on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Evercore ISI lowered their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada decreased their price objective on Walmart from $107.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Trading Down 2.9 %

Shares of WMT opened at $91.20 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company’s fifty day moving average is $91.90 and its 200 day moving average is $90.09. The stock has a market capitalization of $731.14 billion, a PE ratio of 37.84, a P/E/G ratio of 4.42 and a beta of 0.69.

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

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.03%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,022 shares of company stock valued at $16,618,422. 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.