Community Bank N.A. Sells 3,508 Shares of Walmart Inc. (NYSE:WMT)

Community Bank N.A. lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 113,520 shares of the retailer’s stock after selling 3,508 shares during the period. Walmart accounts for 1.2% of Community Bank N.A.’s holdings, making the stock its 18th largest position. Community Bank N.A.’s holdings in Walmart were worth $9,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of WMT. Arrowroot Family Office LLC acquired a new position in Walmart in the third quarter valued at about $248,000. Beacon Investment Advisory Services Inc. raised its stake in shares of Walmart by 2.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 5,175 shares of the retailer’s stock valued at $418,000 after acquiring an additional 135 shares during the last quarter. Beck Capital Management LLC raised its stake in shares of Walmart by 31.9% in the third quarter. Beck Capital Management LLC now owns 91,649 shares of the retailer’s stock valued at $7,401,000 after acquiring an additional 22,177 shares during the last quarter. Benjamin Edwards Inc. grew its position in Walmart by 670.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 735,430 shares of the retailer’s stock worth $59,393,000 after acquiring an additional 639,921 shares during the last quarter. Finally, Aureus Asset Management LLC increased its holdings in Walmart by 2.6% during the 3rd quarter. Aureus Asset Management LLC now owns 9,850 shares of the retailer’s stock valued at $795,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,385,186 shares of company stock valued at $963,206,365 over the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WMT shares. DA Davidson boosted their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus raised their price objective on shares of Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. UBS Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley increased their price target on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Up 0.7 %

Shares of NYSE:WMT opened at $92.50 on Monday. The company has a 50 day moving average price of $83.35 and a two-hundred day moving average price of $75.04. The company has a market capitalization of $743.54 billion, a PE ratio of 37.96, a PEG ratio of 4.39 and a beta of 0.54. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $92.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

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.