Chevy Chase Trust Holdings LLC Decreases Stake in Walmart Inc. (NYSE:WMT)

Chevy Chase Trust Holdings LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 0.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,348,813 shares of the retailer’s stock after selling 3,309 shares during the period. Walmart makes up 0.6% of Chevy Chase Trust Holdings LLC’s holdings, making the stock its 29th biggest position. Chevy Chase Trust Holdings LLC’s holdings in Walmart were worth $189,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the third quarter worth about $26,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart during the second quarter worth about $29,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP acquired a new stake in Walmart during the third quarter worth about $33,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp raised their price objective on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Barclays raised their price objective on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Bank of America raised their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.88.

Walmart Stock Up 0.7 %

Shares of Walmart stock opened at $92.50 on Monday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $92.64. The company has a 50 day moving average of $83.35 and a 200 day moving average of $75.04. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $743.54 billion, a P/E ratio of 37.96, a P/E/G ratio of 4.39 and a beta of 0.54.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,385,186 shares of company stock worth $963,206,365 over the last 90 days. 45.58% of the stock is owned by insiders.

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.