Charles Schwab Trust Co Sells 854 Shares of Walmart Inc. (NYSE:WMT)

Charles Schwab Trust Co lowered its position in shares of Walmart Inc. (NYSE:WMT) by 4.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,173 shares of the retailer’s stock after selling 854 shares during the period. Charles Schwab Trust Co’s holdings in Walmart were worth $1,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fermata Advisors LLC grew its position in Walmart by 12.0% during the 3rd quarter. Fermata Advisors LLC now owns 9,037 shares of the retailer’s stock worth $730,000 after acquiring an additional 967 shares during the last quarter. Castle Rock Wealth Management LLC grew its position in shares of Walmart by 113.3% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 42,726 shares of the retailer’s stock valued at $3,425,000 after buying an additional 22,692 shares during the last quarter. Strong Tower Advisory Services grew its position in shares of Walmart by 5.5% in the 3rd quarter. Strong Tower Advisory Services now owns 29,045 shares of the retailer’s stock valued at $2,345,000 after buying an additional 1,508 shares during the last quarter. Virginia Wealth Management Group Inc. grew its position in shares of Walmart by 35.4% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 52,002 shares of the retailer’s stock valued at $4,199,000 after buying an additional 13,584 shares during the last quarter. Finally, Independence Bank of Kentucky grew its position in shares of Walmart by 41.8% in the 3rd quarter. Independence Bank of Kentucky now owns 39,300 shares of the retailer’s stock valued at $3,173,000 after buying an additional 11,586 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.3 %

Shares of WMT stock traded up $0.20 during trading hours on Friday, reaching $79.81. The company had a trading volume of 3,495,992 shares, compared to its average volume of 17,253,576. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business has a fifty day simple moving average of $76.32 and a 200-day simple moving average of $68.68. The company has a market cap of $641.53 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51.

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

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock worth $958,267,937 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Wells Fargo & Company raised their target price on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Bank of America raised their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird raised their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $82.32.

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.