Home Federal Bank of Tennessee Has $2.23 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Home Federal Bank of Tennessee increased its position in Walmart Inc. (NYSE:WMT) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,647 shares of the retailer’s stock after acquiring an additional 448 shares during the quarter. Walmart comprises about 0.6% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 23rd biggest position. Home Federal Bank of Tennessee’s holdings in Walmart were worth $2,232,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Fortis Group Advisors LLC lifted its stake in Walmart by 322.9% during the third quarter. Fortis Group Advisors LLC now owns 31,721 shares of the retailer’s stock worth $2,561,000 after purchasing an additional 24,220 shares during the period. Sweeney & Michel LLC raised its position in shares of Walmart by 4.5% during the third quarter. Sweeney & Michel LLC now owns 7,472 shares of the retailer’s stock worth $608,000 after acquiring an additional 324 shares during the last quarter. Calton & Associates Inc. boosted its stake in shares of Walmart by 276.1% in the 3rd quarter. Calton & Associates Inc. now owns 18,216 shares of the retailer’s stock valued at $1,471,000 after purchasing an additional 13,372 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Walmart by 18.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 68,449 shares of the retailer’s stock valued at $5,527,000 after acquiring an additional 10,869 shares during the last quarter. Finally, Telos Capital Management Inc. raised its stake in shares of Walmart by 1.1% in the 3rd quarter. Telos Capital Management Inc. now owns 61,974 shares of the retailer’s stock valued at $5,004,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Robert W. Baird upped their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. TD Cowen upped their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company boosted their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average target price of $83.34.

Walmart Stock Performance

Shares of Walmart stock traded up $0.60 on Tuesday, reaching $81.41. The stock had a trading volume of 1,942,482 shares, compared to its average volume of 17,023,449. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The business’s 50-day moving average price is $78.14 and its two-hundred day moving average price is $69.83. The stock has a market cap of $654.82 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 4.07 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.

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

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were 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 of the company’s stock, valued at $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,267,901 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Company 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.