Walmart Inc. (NYSE:WMT) Shares Bought by CNB Bank

CNB Bank boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 8.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 19,780 shares of the retailer’s stock after purchasing an additional 1,572 shares during the period. CNB Bank’s holdings in Walmart were worth $1,597,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WMT. Hoese & Co LLP acquired a new position in shares of Walmart in the third quarter worth about $33,000. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter worth approximately $29,000. Finally, Kozak & Associates Inc. boosted its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.5 %

Shares of WMT opened at $81.31 on Friday. The firm has a market cap of $653.59 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $77.90 and its two-hundred day moving average is $69.61. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Morgan Stanley upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada lifted their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $82.96.

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.