Walmart Inc. (NYSE:WMT) Shares Acquired by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Walmart Inc. (NYSE:WMT) by 3.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,549 shares of the retailer’s stock after purchasing an additional 752 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $1,459,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC boosted its position in shares of Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the last quarter. Landmark Financial Advisors LLC raised its stake in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after purchasing an additional 70 shares during the period. MinichMacGregor Wealth Management LLC boosted its holdings in shares of Walmart by 4.0% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $325,000 after purchasing an additional 79 shares during the last quarter. Lee Financial Co grew its stake in shares of Walmart by 2.1% during the 4th quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock valued at $644,000 after buying an additional 82 shares during the period. Finally, Syverson Strege & Co grew its stake in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after buying an additional 85 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE WMT opened at $77.35 on Tuesday. The business has a 50 day moving average price of $71.64 and a two-hundred day moving average price of $65.62. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $77.81. The firm has a market cap of $621.76 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 40,974 shares of Walmart stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the transaction, the insider now directly owns 635,512,658 shares in the company, valued at $42,445,890,427.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 40,974 shares of Walmart stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the completion of the transaction, the insider now directly owns 635,512,658 shares of the company’s stock, valued at approximately $42,445,890,427.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,510,437 shares of company stock worth $487,759,176. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. Telsey Advisory Group lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Guggenheim raised their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup boosted their target price on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Evercore ISI increased their target price on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, TD Cowen raised their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.99.

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.