Bremer Bank National Association Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Bremer Bank National Association cut its holdings in Walmart Inc. (NYSE:WMT) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,861 shares of the retailer’s stock after selling 835 shares during the period. Bremer Bank National Association’s holdings in Walmart were worth $710,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $32,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart in the 3rd quarter valued at $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 over the last three months. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America upped their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Robert W. Baird boosted 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. Finally, Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Walmart Price Performance

Shares of NYSE WMT opened at $92.02 on Tuesday. 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 stock has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company’s 50-day moving average price is $91.15 and its 200 day moving average price is $81.46. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.