Walmart Inc. (NYSE:WMT) Shares Sold by Community Bank N.A.

Community Bank N.A. cut its position in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 113,520 shares of the retailer’s stock after selling 3,508 shares during the quarter. Walmart accounts for 1.2% of Community Bank N.A.’s portfolio, making the stock its 18th largest position. Community Bank N.A.’s holdings in Walmart were worth $9,167,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the 2nd quarter valued at $29,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter worth $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.7 %

WMT stock opened at $92.50 on Monday. 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 company has a 50-day moving average of $83.35 and a two-hundred day moving average of $75.04. The stock has a market capitalization of $743.54 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 4.39 and a beta of 0.54. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $92.64.

Walmart (NYSE:WMT) last issued its quarterly 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 company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,385,186 shares of company stock valued at $963,206,365 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI lifted 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. Two investment 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’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

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.