Walmart Inc. (NYSE:WMT) Holdings Decreased by Renasant Bank

Renasant Bank lessened its stake in Walmart Inc. (NYSE:WMT) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,532 shares of the retailer’s stock after selling 250 shares during the quarter. Walmart comprises 1.1% of Renasant Bank’s holdings, making the stock its 22nd biggest position. Renasant Bank’s holdings in Walmart were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group reissued an “outperform” 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $103.20.

Walmart Stock Down 1.0 %

Walmart stock opened at $84.36 on Friday. The firm has a market cap of $677.67 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 4.42 and a beta of 0.53. The firm has a fifty day moving average price of $95.85 and a two-hundred day moving average price of $88.56. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week 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 announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm 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%. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.11%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $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 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.