Arlington Trust Co LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

Arlington Trust Co LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,913 shares of the retailer’s stock after purchasing an additional 369 shares during the period. Arlington Trust Co LLC’s holdings in Walmart were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. lifted its position in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Norges Bank purchased a new position in Walmart in the 4th quarter valued at about $3,674,652,000. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 18,865,484 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after acquiring an additional 8,674,100 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

NYSE WMT opened at $76.64 on Friday. The company has a 50-day moving average price of $71.45 and a two-hundred day moving average price of $65.43. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.81. The stock has a market cap of $616.05 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 40,974 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total value of $2,736,653.46. Following the transaction, the insider now directly owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,144,237 shares of company stock valued at $730,497,016. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WMT shares. Royal Bank of Canada increased their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Truist Financial increased their target price on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.99.

About Walmart

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.