Walmart Inc. (NYSE:WMT) Shares Sold by Trust Co of the South

Trust Co of the South cut its stake in Walmart Inc. (NYSE:WMT) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,978 shares of the retailer’s stock after selling 669 shares during the period. Walmart makes up approximately 0.5% of Trust Co of the South’s investment portfolio, making the stock its 29th biggest position. Trust Co of the South’s holdings in Walmart were worth $2,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Fiera Capital Corp bought a new stake in Walmart during the second quarter worth approximately $222,000. Allegheny Financial Group LTD raised its position in shares of Walmart by 5.5% during the second quarter. Allegheny Financial Group LTD now owns 4,681 shares of the retailer’s stock worth $317,000 after purchasing an additional 243 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Walmart by 0.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 366,926 shares of the retailer’s stock valued at $24,845,000 after purchasing an additional 1,000 shares during the last quarter. Founders Financial Securities LLC increased its stake in Walmart by 3.5% in the 2nd quarter. Founders Financial Securities LLC now owns 33,258 shares of the retailer’s stock worth $2,252,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in Walmart by 6.3% during the 2nd quarter. Archer Investment Corp now owns 28,319 shares of the retailer’s stock worth $1,917,000 after buying an additional 1,675 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,412 shares of company stock valued at $12,478,116. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMT. UBS Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein lifted their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. KeyCorp increased their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI lifted their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Stock Performance

Walmart stock traded down $0.50 on Thursday, hitting $89.85. The company’s stock had a trading volume of 7,518,710 shares, compared to its average volume of 16,991,166. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $89.11 and a 200-day moving average price of $79.40. The firm has a market cap of $721.80 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54. Walmart Inc. has a one year low of $51.87 and a one year high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

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.