Community Bank & Trust Waco Texas Sells 610 Shares of Walmart Inc. (NYSE:WMT)

Community Bank & Trust Waco Texas lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 119,035 shares of the retailer’s stock after selling 610 shares during the quarter. Walmart accounts for 2.0% of Community Bank & Trust Waco Texas’ holdings, making the stock its 14th largest position. Community Bank & Trust Waco Texas’ holdings in Walmart were worth $8,060,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Norges Bank purchased a new position in shares of Walmart in the 4th quarter worth $3,674,652,000. Finally, Raymond James & Associates grew its stake in shares of Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after buying an additional 2,246,656 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup increased their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Guggenheim raised their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.64.

Walmart Stock Up 0.1 %

Shares of Walmart stock traded up $0.06 during trading on Wednesday, hitting $77.23. 3,215,639 shares of the stock traded hands, compared to its average volume of 17,364,574. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $70.91 and its 200 day simple moving average is $65.08. The firm has a market cap of $621.20 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $77.81.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the sale, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. The disclosure for this sale can be found here. Insiders sold 6,306,511 shares of company stock valued at $420,470,807 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.