Zions Bancorporation N.A. Has $511,000 Holdings in Walmart Inc. (NYSE:WMT)

Zions Bancorporation N.A. grew its holdings in Walmart Inc. (NYSE:WMT) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,657 shares of the retailer’s stock after acquiring an additional 220 shares during the quarter. Zions Bancorporation N.A.’s holdings in Walmart were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Noble Wealth Management PBC bought a new stake in Walmart in the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $85.13 on Thursday. The business’s 50 day moving average is $94.87 and its 200-day moving average is $89.22. The firm has a market cap of $682.45 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during 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%. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is currently owned by company insiders.

Walmart Company 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.