FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 266 Shares of Walmart Inc. (NYSE:WMT)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its holdings in Walmart Inc. (NYSE:WMT) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,377 shares of the retailer’s stock after selling 266 shares during the period. Walmart makes up 1.0% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 24th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $3,919,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WMT. AE Wealth Management LLC lifted its position in Walmart by 36.6% during the 2nd quarter. AE Wealth Management LLC now owns 211,257 shares of the retailer’s stock worth $14,304,000 after acquiring an additional 56,658 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Walmart by 3.2% during the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock worth $25,961,000 after purchasing an additional 11,816 shares during the last quarter. Garden State Investment Advisory Services LLC boosted its stake in Walmart by 15.9% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 7,644 shares of the retailer’s stock valued at $518,000 after purchasing an additional 1,047 shares during the period. Sei Investments Co. grew its holdings in Walmart by 19.3% in the 2nd quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer’s stock valued at $104,388,000 after buying an additional 249,232 shares during the last quarter. Finally, Chesapeake Wealth Management grew its holdings in Walmart by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 25,795 shares of the retailer’s stock valued at $1,747,000 after buying an additional 1,349 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,177 shares of company stock worth $12,478,149. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.8 %

Shares of NYSE WMT opened at $92.02 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The firm’s 50-day simple moving average is $91.15 and its 200 day simple moving average is $81.27.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Tigress Financial boosted their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Two research 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 company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $94.49.

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.