1ST Source Bank Has $5.92 Million Stake in Walmart Inc. (NYSE:WMT)

1ST Source Bank grew its holdings in Walmart Inc. (NYSE:WMT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,519 shares of the retailer’s stock after buying an additional 386 shares during the period. 1ST Source Bank’s holdings in Walmart were worth $5,920,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart 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 directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 0.9 %

NYSE WMT opened at $85.29 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business’s fifty day moving average is $95.74 and its 200 day moving average is $88.80.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for 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, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WMT shares. Robert W. Baird increased their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. UBS Group reiterated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. BMO Capital Markets raised their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $103.20.

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.