First International Bank & Trust Has $1.24 Million Holdings in Walmart Inc. (NYSE:WMT)

First International Bank & Trust boosted its position in Walmart Inc. (NYSE:WMT) by 18.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,681 shares of the retailer’s stock after purchasing an additional 2,159 shares during the period. Walmart makes up approximately 0.4% of First International Bank & Trust’s holdings, making the stock its 23rd biggest position. First International Bank & Trust’s holdings in Walmart were worth $1,236,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bahl & Gaynor Inc. raised its holdings in shares of Walmart by 3.1% during the second quarter. Bahl & Gaynor Inc. now owns 119,625 shares of the retailer’s stock valued at $8,100,000 after purchasing an additional 3,556 shares during the period. Cibc World Market Inc. boosted its holdings in Walmart by 58.5% in the second quarter. Cibc World Market Inc. now owns 2,901,459 shares of the retailer’s stock worth $196,458,000 after acquiring an additional 1,070,943 shares in the last quarter. Y.D. More Investments Ltd grew its stake in Walmart by 31.0% in the second quarter. Y.D. More Investments Ltd now owns 39,517 shares of the retailer’s stock valued at $2,676,000 after acquiring an additional 9,347 shares during the period. Achmea Investment Management B.V. increased its holdings in shares of Walmart by 4.0% during the second quarter. Achmea Investment Management B.V. now owns 856,406 shares of the retailer’s stock valued at $57,987,000 after acquiring an additional 32,880 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new position in shares of Walmart during the second quarter worth approximately $217,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following 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 disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent research reports. TD Cowen boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm boosted their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. KeyCorp raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, UBS Group increased their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.95.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $91.65 on Friday. Walmart Inc. has a 1 year low of $52.58 and a 1 year high of $96.18. The stock’s fifty day moving average price is $90.16 and its two-hundred day moving average price is $80.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a market cap of $736.26 billion, a P/E ratio of 37.61, a P/E/G ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 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 business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.47 EPS 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.