Walmart Inc. (NYSE:WMT) Shares Sold by Trust Co of the South

Trust Co of the South lessened its stake in Walmart Inc. (NYSE:WMT) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,978 shares of the retailer’s stock after selling 669 shares during the quarter. Walmart comprises about 0.5% of Trust Co of the South’s holdings, making the stock its 29th largest holding. Trust Co of the South’s holdings in Walmart were worth $2,257,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Brophy Wealth Management LLC purchased a new position in shares of Walmart during the 3rd quarter worth $2,072,000. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Virtu Financial LLC acquired a new stake in shares of Walmart during the third quarter valued at about $541,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after acquiring an additional 350,881 shares during the last quarter. Finally, Oxbow Advisors LLC boosted its position in shares of 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 purchasing an additional 8,834 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock worth $12,478,116 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.6 %

Walmart stock traded down $0.50 during trading on Thursday, reaching $89.85. 7,518,710 shares of the company’s stock were exchanged, compared to its average volume of 16,991,166. The company’s 50-day moving average is $89.11 and its two-hundred day moving average is $79.40. The firm has a market cap of $721.80 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 4.47 and a beta of 0.54. Walmart Inc. has a 52-week low of $51.87 and a 52-week high of $96.18. 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 quarterly earnings results 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 return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WMT shares. Melius Research began coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Guggenheim raised 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. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Telsey Advisory Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two 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, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Walmart Company 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.