Walmart Inc. (NYSE:WMT) Shares Sold by Bank & Trust Co

Bank & Trust Co lowered its position in Walmart Inc. (NYSE:WMT) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,290 shares of the retailer’s stock after selling 128 shares during the period. Walmart accounts for 2.5% of Bank & Trust Co’s portfolio, making the stock its 6th largest holding. Bank & Trust Co’s holdings in Walmart were worth $2,917,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Gallacher Capital Management LLC bought a new stake in shares of Walmart in the second quarter valued at approximately $209,000. Koss Olinger Consulting LLC acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $203,000. Ellis Investment Partners LLC bought a new stake in shares of Walmart during the second quarter valued at approximately $255,000. Legacy Bridge LLC boosted its stake in Walmart by 0.6% during the second quarter. Legacy Bridge LLC now owns 34,153 shares of the retailer’s stock worth $2,312,000 after buying an additional 215 shares in the last quarter. Finally, Adapt Wealth Advisors LLC bought a new position in shares of Walmart during the 2nd quarter worth approximately $208,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock traded down $0.47 on Tuesday, hitting $90.96. The stock had a trading volume of 3,676,382 shares, compared to its average volume of 10,868,797. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $89.58 and its two-hundred day moving average is $79.96. Walmart Inc. has a twelve month low of $52.23 and a twelve month high of $96.18. The stock has a market cap of $730.72 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 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 analysts’ expectations of $167.69 billion. During the same period in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a report on Thursday, November 21st. UBS Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Two equities research 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.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $93.69.

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.