First National Bank of South Miami Reduces Stake in Walmart Inc. (NYSE:WMT)

First National Bank of South Miami decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 4.3% during the second quarter, HoldingsChannel.com reports. The firm owned 5,376 shares of the retailer’s stock after selling 244 shares during the period. First National Bank of South Miami’s holdings in Walmart were worth $845,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sageworth Trust Co lifted its stake in Walmart by 2,414.3% in the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Walmart in the 4th quarter valued at about $27,000. NewSquare Capital LLC raised its holdings in shares of Walmart by 58.3% in the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. First Command Advisory Services Inc. raised its holdings in shares of Walmart by 387.8% in the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock valued at $29,000 after acquiring an additional 159 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $163.42 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.26. Walmart Inc. has a one year low of $128.07 and a one year high of $165.85. The firm has a market capitalization of $439.85 billion, a P/E ratio of 31.43, a PEG ratio of 3.89 and a beta of 0.49. The business has a fifty day moving average of $159.34 and a 200 day moving average of $152.70.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. The company had revenue of $161.63 billion during the quarter, compared to analyst estimates of $160.22 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. Walmart’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 6.44 EPS for the current year.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 473,370 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $155.75, for a total transaction of $73,727,377.50. Following the completion of the sale, the insider now directly owns 241,479,146 shares in the company, valued at $37,610,376,989.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, major shareholder Alice L. Walton sold 473,370 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.75, for a total transaction of $73,727,377.50. Following the completion of the sale, the insider now owns 241,479,146 shares of the company’s stock, valued at $37,610,376,989.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the completion of the sale, the chief executive officer now directly owns 1,490,621 shares of the company’s stock, valued at $231,105,879.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,493,773 shares of company stock worth $1,005,802,298. 46.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on WMT shares. Roth Mkm raised their price target on Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a report on Friday, August 18th. Raymond James raised their price objective on shares of Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Oppenheimer raised their price objective on shares of Walmart from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. KeyCorp raised their price objective on shares of Walmart from $175.00 to $177.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, Guggenheim raised their price objective on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.51.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.