Atlantic Union Bankshares Corp Lowers Position in Walmart Inc. (NYSE:WMT)

Atlantic Union Bankshares Corp decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,453 shares of the retailer’s stock after selling 985 shares during the period. Atlantic Union Bankshares Corp’s holdings in Walmart were worth $4,558,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Walmart in the 4th quarter worth $2,306,627,000. Jennison Associates LLC increased its stake in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC lifted its position in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Roth Mkm reiterated a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $103.07.

Walmart Price Performance

Walmart stock opened at $91.68 on Friday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The business has a 50-day simple moving average of $96.19 and a 200 day simple moving average of $88.26. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by corporate 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.