Farmers Trust Co. Trims Position in Walmart Inc (NYSE:WMT)

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Farmers Trust Co. decreased its stake in shares of Walmart Inc (NYSE:WMT) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,928 shares of the retailer’s stock after selling 2,119 shares during the period. Walmart comprises about 2.6% of Farmers Trust Co.’s investment portfolio, making the stock its 5th biggest holding. Farmers Trust Co.’s holdings in Walmart were worth $9,855,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Eagle Capital Management LLC lifted its position in shares of Walmart by 1.1% in the second quarter. Eagle Capital Management LLC now owns 27,707 shares of the retailer’s stock valued at $3,061,000 after acquiring an additional 310 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Walmart by 0.3% in the second quarter. Pictet Asset Management Ltd. now owns 962,281 shares of the retailer’s stock valued at $106,322,000 after acquiring an additional 2,774 shares in the last quarter. ETRADE Capital Management LLC lifted its position in shares of Walmart by 11.9% in the second quarter. ETRADE Capital Management LLC now owns 4,744 shares of the retailer’s stock valued at $524,000 after acquiring an additional 504 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Walmart by 59.5% in the second quarter. Sterling Capital Management LLC now owns 78,697 shares of the retailer’s stock valued at $8,695,000 after acquiring an additional 29,365 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of Walmart by 6.9% in the second quarter. Silvercrest Asset Management Group LLC now owns 23,888 shares of the retailer’s stock valued at $2,639,000 after acquiring an additional 1,540 shares in the last quarter. 30.37% of the stock is currently owned by institutional investors and hedge funds.

NYSE:WMT opened at $115.28 on Thursday. The stock has a 50 day moving average price of $118.81 and a 200 day moving average price of $116.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.20 and a current ratio of 0.81. The stock has a market cap of $330.19 billion, a PE ratio of 23.48, a P/E/G ratio of 4.71 and a beta of 0.35. Walmart Inc has a one year low of $93.11 and a one year high of $125.38.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. The company had revenue of $126.98 billion during the quarter, compared to analysts’ expectations of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. As a group, analysts predict that Walmart Inc will post 4.98 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. set a $130.00 target price on Walmart and gave the company a “neutral” rating in a research report on Thursday, November 14th. KeyCorp restated an “overweight” rating and issued a $138.00 target price (up previously from $128.00) on shares of Walmart in a research report on Friday, November 15th. ValuEngine downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim reaffirmed a “buy” rating and issued a $135.00 price target (up previously from $125.00) on shares of Walmart in a report on Thursday, November 14th. Finally, Oppenheimer increased their price target on Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $124.22.

In other Walmart news, EVP Judith J. Mckenna sold 8,300 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the sale, the executive vice president now owns 216,811 shares of the company’s stock, valued at $25,846,039.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $115.91, for a total value of $9,852,350.00. Following the sale, the executive vice president now directly owns 2,783,450 shares of the company’s stock, valued at approximately $322,629,689.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,300 shares of company stock valued at $21,090,243. 50.22% of the stock is owned by insiders.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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