Montrusco Bolton Investments Inc. Has $42.13 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Montrusco Bolton Investments Inc. lowered its position in Walmart Inc. (NYSE:WMT) by 20.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 466,347 shares of the retailer’s stock after selling 121,496 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Walmart were worth $42,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Brophy Wealth Management LLC bought a new position in shares of Walmart during the third quarter worth about $2,072,000. Bank of New Hampshire raised its holdings in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank raised its holdings in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Walmart in the 3rd quarter valued at $541,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.1 %

WMT stock opened at $98.61 on Friday. Walmart Inc. has a 1-year low of $55.04 and a 1-year high of $98.93. The stock has a market cap of $792.15 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. The stock’s fifty day simple moving average is $92.71 and its two-hundred day simple moving average is $82.79. 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 (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company 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%. The firm’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. Analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. Wells Fargo & Company boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.69.

About Walmart

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.