Security National Bank of Sioux City Iowa IA raised its position in shares of Walmart Inc. (NYSE:WMT) by 15.5% in the 1st quarter, Holdings Channel reports. The firm owned 15,439 shares of the retailer’s stock after acquiring an additional 2,073 shares during the period. Walmart accounts for approximately 1.7% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 15th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Walmart were worth $2,097,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Greenhouse Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter worth $26,000. Albion Financial Group UT bought a new stake in shares of Walmart in the fourth quarter worth $27,000. ShoreHaven Wealth Partners LLC bought a new stake in shares of Walmart in the fourth quarter worth $29,000. Perennial Advisors LLC bought a new stake in shares of Walmart in the fourth quarter worth $32,000. Finally, Clark Estates Inc. NY bought a new stake in shares of Walmart in the fourth quarter worth $36,000. Institutional investors and hedge funds own 29.21% of the company’s stock.
In other Walmart news, Director S Robson Walton sold 483,836 shares of the firm’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $132.40, for a total transaction of $64,059,886.40. Following the completion of the transaction, the director now directly owns 3,215,991 shares of the company’s stock, valued at approximately $425,797,208.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jim C. Walton sold 106,049 shares of the firm’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $131.23, for a total transaction of $13,916,810.27. Following the transaction, the insider now directly owns 10,507,124 shares of the company’s stock, valued at $1,378,849,882.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,235,353 shares of company stock worth $1,301,680,977. 50.43% of the stock is owned by company insiders.
Shares of WMT traded up $0.43 during mid-day trading on Friday, hitting $140.31. 119,679 shares of the company traded hands, compared to its average volume of 8,714,280. The business has a 50-day moving average price of $140.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.95. The company has a market cap of $393.17 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46. Walmart Inc. has a 1 year low of $117.01 and a 1 year high of $153.66.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, May 18th. The retailer reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.48. Walmart had a net margin of 2.18% and a return on equity of 19.92%. The company had revenue of $138.30 billion for the quarter, compared to the consensus estimate of $131.53 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Walmart’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 5.95 earnings per share for the current fiscal year.
Walmart announced that its board has initiated a share repurchase plan on Thursday, February 18th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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