Walmart Inc. (NYSE:WMT) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its holdings in Walmart Inc. (NYSE:WMT) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,569 shares of the retailer’s stock after selling 692 shares during the period. Central Bank & Trust Co.’s holdings in Walmart were worth $2,953,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clarity Capital Partners LLC purchased a new position in Walmart in the 3rd quarter worth approximately $228,000. FSM Wealth Advisors LLC boosted its holdings in Walmart by 18.3% during the 3rd quarter. FSM Wealth Advisors LLC now owns 4,099 shares of the retailer’s stock valued at $331,000 after acquiring an additional 635 shares during the period. Legacy CG LLC lifted its holdings in Walmart by 0.5% during the 3rd quarter. Legacy CG LLC now owns 82,100 shares of the retailer’s stock worth $6,630,000 after buying an additional 369 shares in the last quarter. Rational Advisors LLC grew its stake in Walmart by 946.1% during the 3rd quarter. Rational Advisors LLC now owns 57,955 shares of the retailer’s stock worth $4,680,000 after purchasing an additional 52,415 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its holdings in shares of Walmart by 12.3% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 54,505 shares of the retailer’s stock valued at $4,401,000 after purchasing an additional 5,990 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % 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 John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock valued at $958,577,287 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WMT shares. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lifted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Morgan Stanley lifted their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Guggenheim increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $83.89.

Walmart Price Performance

Shares of WMT opened at $82.45 on Tuesday. The business’s 50-day moving average is $79.93 and its 200-day moving average is $71.41. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a market capitalization of $662.75 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last posted its quarterly 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company posted $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Walmart 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.