Field & Main Bank Sells 835 Shares of Walmart Inc. (NYSE:WMT)

Field & Main Bank trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 120,726 shares of the retailer’s stock after selling 835 shares during the quarter. Walmart makes up about 3.8% of Field & Main Bank’s portfolio, making the stock its 3rd biggest position. Field & Main Bank’s holdings in Walmart were worth $10,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Blueprint LLC boosted its stake in Walmart by 0.6% in the 4th quarter. Strategic Blueprint LLC now owns 100,167 shares of the retailer’s stock worth $9,050,000 after purchasing an additional 615 shares during the period. Iams Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter worth $291,000. Masso Torrence Wealth Management Inc. grew its holdings in shares of Walmart by 4.9% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 10,929 shares of the retailer’s stock valued at $987,000 after buying an additional 515 shares in the last quarter. Forsta AP Fonden raised its position in Walmart by 0.9% during the fourth quarter. Forsta AP Fonden now owns 1,149,100 shares of the retailer’s stock valued at $103,821,000 after buying an additional 9,800 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Walmart by 18.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,584,166 shares of the retailer’s stock worth $323,829,000 after acquiring an additional 546,917 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WMT. KeyCorp upped their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Truist Financial lifted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.11.

Walmart Stock Performance

WMT opened at $97.97 on Friday. The stock’s 50 day simple moving average is $92.91 and its 200-day simple moving average is $82.90. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $787.00 billion, a PE ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. Walmart Inc. has a 1 year low of $55.04 and a 1 year high of $99.00.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is currently owned by corporate insiders.

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.