Walmart Inc. (NYSE:WMT) Shares Sold by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,739 shares of the retailer’s stock after selling 452 shares during the quarter. Walmart accounts for 0.6% of New Covenant Trust Company N.A.’s investment portfolio, making the stock its 29th largest holding. New Covenant Trust Company N.A.’s holdings in Walmart were worth $548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its holdings in shares of Walmart by 1,159.6% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 361,920 shares of the retailer’s stock valued at $57,057,000 after buying an additional 333,187 shares during the period. Duff & Phelps Investment Management Co. raised its position in Walmart by 0.9% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 15,916 shares of the retailer’s stock worth $2,509,000 after acquiring an additional 140 shares in the last quarter. WealthTrust Axiom LLC boosted its position in shares of Walmart by 4.2% during the 4th quarter. WealthTrust Axiom LLC now owns 3,200 shares of the retailer’s stock worth $504,000 after purchasing an additional 130 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Walmart by 14.6% in the 4th quarter. Mission Wealth Management LP now owns 14,832 shares of the retailer’s stock valued at $2,338,000 after purchasing an additional 1,884 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in shares of Walmart by 1.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 9,291 shares of the retailer’s stock valued at $1,465,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. KeyCorp boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Roth Mkm upped their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus increased their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Finally, Telsey Advisory Group boosted their price target on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.64.

Walmart Stock Up 1.1 %

NYSE:WMT traded up $0.81 during mid-day trading on Friday, hitting $77.23. The company had a trading volume of 23,229,975 shares, compared to its average volume of 17,417,189. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $77.47. The business has a fifty day simple moving average of $70.36 and a 200-day simple moving average of $64.53. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 3.81 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,332,089 shares of company stock valued at $422,145,654. Corporate insiders own 45.58% of the company’s stock.

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.