Walmart Inc. (NYSE:WMT) Shares Sold by Chemung Canal Trust Co.

Chemung Canal Trust Co. reduced its position in Walmart Inc. (NYSE:WMT) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,319 shares of the retailer’s stock after selling 6,743 shares during the period. Chemung Canal Trust Co.’s holdings in Walmart were worth $4,998,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brophy Wealth Management LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $2,072,000. Bank of New Hampshire raised its position in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the period. Iowa State Bank boosted its holdings in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Fisher Asset Management LLC grew its position in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Walmart during the third quarter worth about $541,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 1.1 %

Shares of WMT opened at $94.84 on Monday. The business’s 50-day moving average price is $92.02 and its 200 day moving average price is $82.21. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial upped their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by company insiders.

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.