Charles Schwab Trust Co Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Charles Schwab Trust Co increased its holdings in Walmart Inc. (NYSE:WMT) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,176 shares of the retailer’s stock after acquiring an additional 1,003 shares during the quarter. Charles Schwab Trust Co’s holdings in Walmart were worth $1,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dakota Community Bank & Trust NA boosted its stake in shares of 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 buying an additional 110 shares during the period. Kozak & Associates Inc. raised its stake in Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares during the period. Lowe Wealth Advisors LLC grew its stake in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC increased its holdings in shares of Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Citigroup raised their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Truist Financial boosted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two 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 company’s stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 1.2 %

WMT stock opened at $93.05 on Wednesday. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The stock has a market capitalization of $747.51 billion, a P/E ratio of 38.19, a PEG ratio of 4.36 and a beta of 0.55. The company has a 50 day moving average price of $91.31 and a two-hundred day moving average price of $81.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

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

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,478,149. Insiders own 45.58% of the company’s stock.

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.