Arvest Trust Co. N A Grows Position in Walmart Inc. (NYSE:WMT)

Arvest Trust Co. N A grew its position in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 200,869 shares of the retailer’s stock after buying an additional 1,153 shares during the period. Arvest Trust Co. N A’s holdings in Walmart were worth $13,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the first quarter worth about $25,000. Northwest Capital Management Inc increased its stake in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter worth approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $30,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT stock opened at $80.60 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The firm has a market cap of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The company has a 50-day moving average of $72.73 and a two-hundred day moving average of $66.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. Jefferies Financial Group increased their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Barclays lifted their target price on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, UBS Group increased their target price on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Activity at Walmart

In other Walmart news, major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the sale, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,203,360 shares of company stock worth $788,678,803. Company insiders own 45.58% of the company’s stock.

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.