Fiduciary Trust Co Has $10.33 Million Holdings in Walmart Inc. (NYSE:WMT)

Fiduciary Trust Co boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,899 shares of the retailer’s stock after acquiring an additional 996 shares during the quarter. Fiduciary Trust Co’s holdings in Walmart were worth $10,328,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the period. Oxbow Advisors LLC lifted its position in Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after acquiring an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after purchasing an additional 105,430 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMT. Wells Fargo & Company increased their target price on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Evercore ISI raised their price target on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Royal Bank of Canada boosted their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Morgan Stanley boosted their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Stock Up 0.6 %

WMT stock opened at $91.87 on Thursday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $92.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The business has a 50-day moving average of $82.81 and a 200-day moving average of $74.48. The stock has a market capitalization of $738.47 billion, a P/E ratio of 37.65, a P/E/G ratio of 4.33 and a beta of 0.51.

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

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.