Home Federal Bank of Tennessee Has $2.37 Million Holdings in Walmart Inc. (NYSE:WMT)

Home Federal Bank of Tennessee trimmed its position in Walmart Inc. (NYSE:WMT) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,227 shares of the retailer’s stock after selling 1,420 shares during the quarter. Walmart accounts for 0.7% of Home Federal Bank of Tennessee’s portfolio, making the stock its 21st largest position. Home Federal Bank of Tennessee’s holdings in Walmart were worth $2,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dakota Community Bank & Trust NA lifted its position in shares of Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares during the period. Kozak & Associates Inc. lifted its holdings in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares during the period. Summit Financial Wealth Advisors LLC boosted its stake in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Walmart by 1.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock worth $1,139,000 after purchasing an additional 120 shares during the last quarter. Finally, Lowe Wealth Advisors LLC increased its position in shares of Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after purchasing an additional 121 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 137,177 shares of company stock valued at $12,649,328 over the last 90 days. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WMT. Wells Fargo & Company upped their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group raised their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Telsey Advisory Group lifted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two investment 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’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $95.37.

Walmart Stock Up 1.4 %

Shares of NYSE:WMT opened at $100.92 on Wednesday. The company has a 50 day moving average price of $93.27 and a two-hundred day moving average price of $83.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $810.71 billion, a PE ratio of 41.42, a PEG ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $100.95.

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 2.48 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.