Community Bank & Trust Waco Texas Has $10.77 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Community Bank & Trust Waco Texas raised its position in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,194 shares of the retailer’s stock after acquiring an additional 217 shares during the period. Walmart makes up 2.5% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 8th biggest holding. Community Bank & Trust Waco Texas’ holdings in Walmart were worth $10,769,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Creative Planning raised its position in shares of Walmart by 4.9% during the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after buying an additional 83,376 shares during the last quarter. Swedbank AB raised its position in shares of Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares during the last quarter. Prospect Financial Services LLC acquired a new position in shares of Walmart during the third quarter valued at about $285,000. First United Bank & Trust raised its position in shares of Walmart by 8.7% during the third quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock valued at $691,000 after buying an additional 685 shares during the last quarter. Finally, Acorn Creek Capital LLC acquired a new position in shares of Walmart during the third quarter valued at about $258,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMT. Sanford C. Bernstein upped their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Citigroup upped their price objective on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Guggenheim increased their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI increased their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler increased their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.56.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of WMT stock opened at $103.62 on Thursday. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.90. The stock has a market cap of $832.42 billion, a PE ratio of 42.53, a PEG ratio of 4.25 and a beta of 0.55. 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 firm’s 50 day moving average price is $94.45 and its two-hundred day moving average price is $84.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

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.