Crews Bank & Trust Acquires Shares of 15,495 Walmart Inc. (NYSE:WMT)

Crews Bank & Trust bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,495 shares of the retailer’s stock, valued at approximately $1,400,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Czech National Bank grew its position in shares of Walmart by 8.7% during the 3rd quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after buying an additional 70,808 shares during the period. Curbstone Financial Management Corp grew its holdings in Walmart by 4.2% during the 3rd quarter. Curbstone Financial Management Corp now owns 14,598 shares of the retailer’s stock worth $1,179,000 after acquiring an additional 594 shares during the period. Meritas Wealth Management LLC raised its position in shares of Walmart by 4.4% during the 3rd quarter. Meritas Wealth Management LLC now owns 7,052 shares of the retailer’s stock valued at $569,000 after acquiring an additional 300 shares during the last quarter. Marotta Asset Management acquired a new position in shares of Walmart in the 3rd quarter valued at $209,000. Finally, Wiser Wealth Management Inc bought a new position in shares of Walmart in the 3rd quarter worth $247,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMT. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. UBS Group boosted their price target on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday. Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.11.

Walmart Stock Performance

Shares of WMT opened at $97.97 on Friday. The company has a market cap of $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. The firm has a 50-day moving average of $92.91 and a 200-day moving average of $82.90. Walmart Inc. has a one year low of $55.04 and a one year high of $99.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

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.