Walmart Inc. (NYSE:WMT) Position Reduced by Field & Main Bank

Field & Main Bank lessened its holdings in Walmart Inc. (NYSE:WMT) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,561 shares of the retailer’s stock after selling 760 shares during the quarter. Walmart accounts for 3.5% of Field & Main Bank’s investment portfolio, making the stock its 3rd biggest position. Field & Main Bank’s holdings in Walmart were worth $9,816,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in shares of Walmart in the second quarter valued at about $29,000. FSA Wealth Management LLC increased its position in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. increased its position in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.2 %

Shares of WMT stock opened at $84.83 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The stock has a market cap of $681.88 billion, a P/E ratio of 44.11, a P/E/G ratio of 4.25 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. The company has a 50 day simple moving average of $80.53 and a two-hundred day simple moving average of $71.92.

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

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction 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 sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WMT shares. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Guggenheim boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Robert W. Baird boosted their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $83.92.

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.