Cullen Frost Bankers Inc. Sells 7,881 Shares of Walmart Inc. (NYSE:WMT)

Cullen Frost Bankers Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,125 shares of the retailer’s stock after selling 7,881 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walmart were worth $25,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WMT. International Assets Investment Management LLC raised its holdings in Walmart by 15,371.4% in the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Barclays PLC grew its stake in shares of Walmart by 46.1% in the third quarter. Barclays PLC now owns 4,491,137 shares of the retailer’s stock worth $718,271,000 after acquiring an additional 1,416,359 shares during the last quarter. FMR LLC grew its stake in shares of Walmart by 8.5% in the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock worth $2,698,519,000 after acquiring an additional 1,317,729 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after acquiring an additional 751,713 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Walmart by 161.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,157,620 shares of the retailer’s stock worth $182,499,000 after acquiring an additional 715,125 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,019,140 shares of company stock worth $1,696,045,631. 46.51% of the stock is currently owned by company insiders.

Walmart Price Performance

NYSE WMT traded up $0.73 during trading on Tuesday, hitting $60.60. 14,517,142 shares of the stock traded hands, compared to its average volume of 18,471,379. The company has a market capitalization of $488.32 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The firm has a 50-day simple moving average of $60.08 and a 200-day simple moving average of $56.12. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The business had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. As a group, analysts predict that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is 43.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research note on Monday, February 19th. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a report on Friday, February 16th. Evercore ISI lowered their target price on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Stifel Europe raised their price objective on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.94.

About Walmart

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.