Sanibel Captiva Trust Company Inc. Boosts Holdings in Walmart Inc. (NYSE:WMT)

Sanibel Captiva Trust Company Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,986 shares of the retailer’s stock after purchasing an additional 10,094 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Walmart were worth $14,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of WMT. Dakota Community Bank & Trust NA increased its position 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 acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. grew 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 purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its stake in Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC increased its holdings in Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after purchasing an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC raised its position in shares of Walmart by 0.3% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, 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 transaction of $166,658.10. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,177 shares of company stock valued at $12,478,149. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.8 %

WMT opened at $92.02 on Friday. The stock’s fifty day moving average is $91.15 and its 200-day moving average is $81.27. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The company has a market capitalization of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. 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 posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WMT shares. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Bank of America raised their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. KeyCorp upped their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research note on Wednesday. Finally, Telsey Advisory Group upped their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.49.

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.