Walmart Inc (NYSE:WMT) Shares Bought by Montecito Bank & Trust

Montecito Bank & Trust raised its position in Walmart Inc (NYSE:WMT) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,506 shares of the retailer’s stock after acquiring an additional 619 shares during the quarter. Montecito Bank & Trust’s holdings in Walmart were worth $1,843,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. RFG Advisory LLC increased its stake in Walmart by 14.3% in the 4th quarter. RFG Advisory LLC now owns 20,852 shares of the retailer’s stock valued at $2,478,000 after buying an additional 2,612 shares during the period. Focused Wealth Management Inc increased its stake in Walmart by 8.8% in the 4th quarter. Focused Wealth Management Inc now owns 10,412 shares of the retailer’s stock valued at $1,237,000 after buying an additional 845 shares during the period. WoodTrust Financial Corp increased its stake in Walmart by 5.8% in the 4th quarter. WoodTrust Financial Corp now owns 17,125 shares of the retailer’s stock valued at $2,035,000 after buying an additional 945 shares during the period. Stillwater Capital Advisors LLC increased its stake in Walmart by 1.0% in the 4th quarter. Stillwater Capital Advisors LLC now owns 90,817 shares of the retailer’s stock valued at $10,793,000 after buying an additional 893 shares during the period. Finally, Hudock Capital Group LLC increased its stake in Walmart by 5.7% in the 4th quarter. Hudock Capital Group LLC now owns 2,885 shares of the retailer’s stock valued at $343,000 after buying an additional 156 shares during the period. 30.43% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on WMT shares. Morgan Stanley boosted their price objective on shares of Walmart from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, December 31st. Guggenheim reissued a “buy” rating and issued a $135.00 price objective (up from $125.00) on shares of Walmart in a research note on Thursday, November 14th. Credit Suisse Group reissued a “neutral” rating and issued a $115.00 price objective (up from $105.00) on shares of Walmart in a research note on Friday, November 15th. Telsey Advisory Group boosted their price objective on shares of Walmart from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Raymond James upped their price target on shares of Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $124.22.

In related news, EVP Judith J. Mckenna sold 8,300 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $119.21, for a total value of $989,443.00. Following the sale, the executive vice president now directly owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $120.57, for a total transaction of $10,248,450.00. Following the completion of the sale, the executive vice president now directly owns 2,808,295 shares in the company, valued at $338,596,128.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,300 shares of company stock worth $21,090,243. 50.22% of the stock is owned by corporate insiders.

NYSE:WMT opened at $115.28 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 0.83. Walmart Inc has a fifty-two week low of $93.11 and a fifty-two week high of $125.38. The stock has a market cap of $326.16 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 4.66 and a beta of 0.35. The firm’s fifty day simple moving average is $118.36 and its 200-day simple moving average is $116.34.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. The firm had revenue of $126.98 billion for the quarter, compared to analysts’ expectations of $128.08 billion. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. Equities analysts anticipate that Walmart Inc will post 4.98 earnings per share for the current year.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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