Keybank National Association OH Decreases Holdings in Walmart Inc. (NYSE:WMT)

Keybank National Association OH lowered its position in Walmart Inc. (NYSE:WMT) by 0.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 941,134 shares of the retailer’s stock after selling 2,796 shares during the period. Keybank National Association OH’s holdings in Walmart were worth $85,032,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Jennison Associates LLC increased its holdings in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC grew its holdings in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the period. Geode Capital Management LLC raised its stake in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

WMT stock opened at $97.49 on Tuesday. The stock has a market cap of $783.17 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $58.40 and a fifty-two week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $96.04 and a 200 day moving average price of $87.88.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMT. Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, KeyCorp increased their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One analyst has 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.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $103.07.

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.