Glenview Trust co Acquires 8,687 Shares of Walmart Inc. (NYSE:WMT)

Glenview Trust co boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 844,600 shares of the retailer’s stock after purchasing an additional 8,687 shares during the period. Walmart accounts for 1.4% of Glenview Trust co’s portfolio, making the stock its 18th largest holding. Glenview Trust co’s holdings in Walmart were worth $76,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter valued at $27,000. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WMT shares. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Evercore ISI cut their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $103.20.

Insiders Place Their Bets

In other news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE:WMT opened at $85.29 on Friday. The firm’s 50 day simple moving average is $95.74 and its 200 day simple moving average is $88.71. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. 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 for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart’s payout ratio is 39.00%.

About Walmart

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.