First International Bank & Trust Has $1.24 Million Holdings in Walmart Inc. (NYSE:WMT)

First International Bank & Trust raised its holdings in Walmart Inc. (NYSE:WMT) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,681 shares of the retailer’s stock after buying an additional 2,159 shares during the period. Walmart accounts for about 0.4% of First International Bank & Trust’s portfolio, making the stock its 23rd largest holding. First International Bank & Trust’s holdings in Walmart were worth $1,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Geode Capital Management LLC increased its holdings in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC increased its stake in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Walmart by 4.6% in the 3rd 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 during the period. Franklin Resources Inc. lifted its stake in Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.9 %

Shares of WMT opened at $91.65 on Friday. 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 Inc. has a 52-week low of $52.58 and a 52-week high of $96.18. The firm has a market cap of $736.26 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 4.47 and a beta of 0.55. The business’s fifty day moving average is $90.16 and its 200-day moving average is $80.29.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMT shares. Royal Bank of Canada raised their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Roth Mkm upped their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.95.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction 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 approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

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.