Walmart Inc. (NYSE:WMT) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co trimmed its holdings in Walmart Inc. (NYSE:WMT) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,411 shares of the retailer’s stock after selling 6,657 shares during the quarter. Walmart makes up about 1.0% of WASHINGTON TRUST Co’s holdings, making the stock its 23rd biggest position. WASHINGTON TRUST Co’s holdings in Walmart were worth $26,690,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WMT. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at $32,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter valued at $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT opened at $104.04 on Friday. Walmart Inc. has a 1 year low of $55.99 and a 1 year high of $105.30. The company has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a fifty day moving average of $94.99 and a 200-day moving average of $85.33.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart 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 sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WMT shares. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Barclays upped their price target on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

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.