Walmart Inc. (NYSE:WMT) Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department reduced its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,812 shares of the retailer’s stock after selling 1,131 shares during the period. Mechanics Bank Trust Department’s holdings in Walmart were worth $7,482,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in shares of Walmart by 3.2% in the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock valued at $25,961,000 after buying an additional 11,816 shares during the period. Commonwealth Financial Services LLC lifted its holdings in Walmart by 159.6% in the second quarter. Commonwealth Financial Services LLC now owns 24,544 shares of the retailer’s stock worth $1,710,000 after acquiring an additional 15,091 shares during the last quarter. HighVista Strategies LLC boosted its stake in Walmart by 24.3% in the second quarter. HighVista Strategies LLC now owns 22,500 shares of the retailer’s stock valued at $1,523,000 after acquiring an additional 4,400 shares during the period. Nippon Life Global Investors Americas Inc. grew its holdings in shares of Walmart by 34.3% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 185,400 shares of the retailer’s stock valued at $12,553,000 after purchasing an additional 47,380 shares during the last quarter. Finally, Beck Capital Management LLC raised its position in shares of Walmart by 21.1% during the 2nd quarter. Beck Capital Management LLC now owns 69,472 shares of the retailer’s stock worth $4,704,000 after purchasing an additional 12,104 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WMT shares. Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Telsey Advisory Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group boosted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.49.

Check Out Our Latest Stock Analysis on WMT

Walmart Trading Up 0.8 %

NYSE WMT opened at $92.02 on Tuesday. The firm’s fifty day simple moving average is $91.15 and its 200-day simple moving average is $81.46. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a market capitalization of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

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

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by insiders.

Walmart Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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