Boston Trust Walden Corp Sells 116 Shares of Walmart Inc. (NYSE:WMT)

Boston Trust Walden Corp cut its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,800 shares of the retailer’s stock after selling 116 shares during the period. Boston Trust Walden Corp’s holdings in Walmart were worth $1,337,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WMT. Czech National Bank lifted its stake in shares of Walmart by 8.7% in the third 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 in the last quarter. Miracle Mile Advisors LLC lifted its position in Walmart by 12.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 43,617 shares of the retailer’s stock valued at $3,522,000 after acquiring an additional 4,753 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its stake in Walmart by 8.2% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 8,448 shares of the retailer’s stock valued at $682,000 after purchasing an additional 642 shares during the last quarter. Versant Capital Management Inc boosted its stake in Walmart by 74.0% during the 3rd quarter. Versant Capital Management Inc now owns 9,761 shares of the retailer’s stock valued at $788,000 after purchasing an additional 4,152 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of Walmart by 9.9% in the third quarter. Aprio Wealth Management LLC now owns 13,261 shares of the retailer’s stock worth $1,071,000 after purchasing an additional 1,197 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.4 %

NYSE WMT opened at $100.92 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $100.95. The stock’s 50 day moving average is $93.27 and its 200 day moving average is $83.48. The stock has a market cap of $810.71 billion, a PE ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its 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. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore ISI increased their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Guggenheim raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.37.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the transaction, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. This trade represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.