Home Federal Bank of Tennessee Sells 117 Shares of Walmart Inc. (NYSE:WMT)

Home Federal Bank of Tennessee trimmed its holdings in Walmart Inc. (NYSE:WMT) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,110 shares of the retailer’s stock after selling 117 shares during the period. Walmart accounts for approximately 0.7% of Home Federal Bank of Tennessee’s holdings, making the stock its 23rd largest position. Home Federal Bank of Tennessee’s holdings in Walmart were worth $2,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after buying an additional 3,017,829 shares during the last quarter. Norges Bank acquired a new position in Walmart during the 4th quarter valued at $5,737,355,000. Fisher Asset Management LLC raised its stake in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after purchasing an additional 1,133,201 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Monday. Finally, Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.68.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now owns 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Down 0.0%

Shares of WMT opened at $97.45 on Tuesday. The business has a 50-day moving average of $94.86 and a 200 day moving average of $93.97. Walmart Inc. has a fifty-two week low of $65.90 and a fifty-two week high of $105.30. The firm has a market cap of $779.66 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s payout ratio is presently 40.17%.

Walmart 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.