Walmart Inc. (NYSE:WMT) Shares Bought by Iowa State Bank

Iowa State Bank lifted its holdings in Walmart Inc. (NYSE:WMT) by 213.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,807 shares of the retailer’s stock after buying an additional 18,263 shares during the period. Iowa State Bank’s holdings in Walmart were worth $2,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Umpqua Bank lifted its position in Walmart by 29.3% during the second quarter. Umpqua Bank now owns 6,792 shares of the retailer’s stock worth $460,000 after buying an additional 1,541 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Walmart by 5,376.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,305,751 shares of the retailer’s stock worth $88,412,000 after acquiring an additional 1,281,910 shares during the period. Chris Bulman Inc acquired a new position in shares of Walmart during the 2nd quarter valued at about $273,000. Asset Dedication LLC boosted its position in shares of Walmart by 19.3% during the 2nd quarter. Asset Dedication LLC now owns 119,414 shares of the retailer’s stock valued at $8,086,000 after acquiring an additional 19,324 shares during the last quarter. Finally, MainStreet Investment Advisors LLC grew its holdings in shares of Walmart by 274.6% in the second quarter. MainStreet Investment Advisors LLC now owns 64,143 shares of the retailer’s stock valued at $4,343,000 after purchasing an additional 47,021 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock valued at $12,478,116 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

WMT traded up $1.17 on Monday, reaching $91.95. The company had a trading volume of 8,071,708 shares, compared to its average volume of 11,028,102. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1 year low of $52.23 and a 1 year high of $96.18. The stock has a market capitalization of $738.67 billion, a PE ratio of 37.74, a P/E/G ratio of 4.47 and a beta of 0.55. The stock has a 50-day moving average price of $89.41 and a 200-day moving average price of $79.80.

Walmart (NYSE:WMT) last announced 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. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. UBS Group increased their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Citigroup lifted their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. BMO Capital Markets raised their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company upped their target price on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. 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. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $93.69.

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.