Walmart Inc. (NYSE:WMT) Shares Bought by Community Financial Services Group LLC

Community Financial Services Group LLC increased its position in Walmart Inc. (NYSE:WMT) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,612 shares of the retailer’s stock after buying an additional 2,791 shares during the period. Walmart comprises 2.1% of Community Financial Services Group LLC’s portfolio, making the stock its 13th largest holding. Community Financial Services Group LLC’s holdings in Walmart were worth $10,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its position in Walmart by 4.9% during the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after buying an additional 83,376 shares during the period. Swedbank AB increased its stake in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares during the last quarter. Prospect Financial Services LLC purchased a new position in shares of Walmart during the 3rd quarter worth about $285,000. First United Bank & Trust boosted its position in shares of Walmart by 8.7% in the third quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock worth $691,000 after acquiring an additional 685 shares during the last quarter. Finally, Acorn Creek Capital LLC purchased a new stake in Walmart in the third quarter valued at approximately $258,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $103.62 on Thursday. The firm has a fifty day moving average of $94.45 and a two-hundred day moving average of $84.82. The firm has a market cap of $832.42 billion, a P/E ratio of 42.53, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

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

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WMT shares. Stifel Nicolaus increased their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.56.

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.