Community Bank & Trust Waco Texas lifted its position in shares of Walmart Inc (NYSE:WMT) by 1.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,339 shares of the retailer’s stock after buying an additional 576 shares during the period. Walmart accounts for approximately 1.3% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 28th largest holding. Community Bank & Trust Waco Texas’ holdings in Walmart were worth $3,056,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clarfeld Financial Advisors LLC purchased a new position in shares of Walmart during the fourth quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC purchased a new position in Walmart during the fourth quarter worth approximately $28,000. Winch Advisory Services LLC raised its stake in Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after purchasing an additional 107 shares during the period. WP Advisors LLC purchased a new position in Walmart during the first quarter worth approximately $37,000. Finally, Stone House Investment Management LLC purchased a new position in Walmart during the first quarter worth approximately $38,000. 28.63% of the stock is currently owned by institutional investors and hedge funds.
WMT has been the topic of a number of recent analyst reports. Buckingham Research initiated coverage on shares of Walmart in a research note on Thursday, February 7th. They set a “neutral” rating and a $96.73 price target on the stock. Citigroup increased their price target on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. KeyCorp increased their price target on shares of Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 20th. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $107.19.
In related news, major shareholder Alice L. Walton sold 705,858 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $98.13, for a total transaction of $69,265,845.54. Following the completion of the sale, the insider now directly owns 8,872,375 shares of the company’s stock, valued at approximately $870,646,158.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,649,023 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.88, for a total transaction of $163,055,394.24. Following the sale, the insider now directly owns 8,872,375 shares of the company’s stock, valued at $877,300,440. The disclosure for this sale can be found here. Insiders sold 14,241,635 shares of company stock valued at $1,413,205,319 in the last three months. Company insiders own 51.11% of the company’s stock.
Walmart stock opened at $102.67 on Friday. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $106.21. The firm has a market capitalization of $304.15 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 4.45 and a beta of 0.36. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that Walmart Inc will post 4.81 EPS for the current fiscal year.
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Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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