Global Trust Asset Management LLC Sells 368 Shares of Walmart Inc. (NYSE:WMT)

Global Trust Asset Management LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,879 shares of the retailer’s stock after selling 368 shares during the period. Walmart comprises 1.2% of Global Trust Asset Management LLC’s holdings, making the stock its 18th largest position. Global Trust Asset Management LLC’s holdings in Walmart were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dakota Community Bank & Trust NA grew its holdings in Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the period. Kozak & Associates Inc. grew its holdings in Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the period. Summit Financial Wealth Advisors LLC grew its holdings in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC grew its holdings in Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after purchasing an additional 121 shares during the period. Finally, Providence Wealth Advisors LLC grew its holdings in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after purchasing an additional 122 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,928 shares of company stock worth $8,978,123. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $93.75 on Friday. 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 capitalization of $753.12 billion, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The firm’s fifty day simple moving average is $91.62 and its two-hundred day simple moving average is $81.87. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Morgan Stanley raised their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart 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.