Walmart Inc. (NYSE:WMT) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services reduced its holdings in Walmart Inc. (NYSE:WMT) by 2.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 109,749 shares of the retailer’s stock after selling 2,253 shares during the quarter. Walmart accounts for about 2.3% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 9th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Walmart were worth $9,916,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WMT. Intech Investment Management LLC lifted its holdings in shares of Walmart by 5.1% in the 2nd quarter. Intech Investment Management LLC now owns 1,197,490 shares of the retailer’s stock valued at $81,082,000 after buying an additional 58,542 shares during the period. Brighton Jones LLC lifted its holdings in shares of Walmart by 6.7% in the 2nd quarter. Brighton Jones LLC now owns 80,261 shares of the retailer’s stock valued at $5,434,000 after buying an additional 5,008 shares during the period. Ieq Capital LLC lifted its holdings in shares of Walmart by 12.8% in the 2nd quarter. Ieq Capital LLC now owns 217,577 shares of the retailer’s stock valued at $14,732,000 after buying an additional 24,615 shares during the period. Trust Investment Advisors acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $221,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Walmart by 159.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 595,653 shares of the retailer’s stock valued at $40,332,000 after purchasing an additional 365,914 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WMT shares. Wells Fargo & Company raised their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Oppenheimer raised their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of Walmart stock opened at $92.02 on Friday. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $91.01 and its 200 day moving average price is $81.10.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

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.