Walmart Inc. (NYSE:WMT) Shares Acquired by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Walmart Inc. (NYSE:WMT) by 102.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,643 shares of the retailer’s stock after buying an additional 22,094 shares during the quarter. Walmart accounts for 0.9% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 26th largest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $3,524,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth $25,000. Northwest Capital Management Inc increased its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in Walmart during the second quarter valued at about $29,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth about $30,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.6 %

WMT opened at $80.09 on Friday. The firm has a market cap of $643.78 billion, a P/E ratio of 41.64, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business has a 50 day moving average price of $76.55 and a 200 day moving average price of $68.82. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WMT. Telsey Advisory Group boosted their price target on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Morgan Stanley raised their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Royal Bank of Canada upped their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.32.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,670 shares of company stock valued at $958,267,937. 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.