Central Bank & Trust Co. Sells 692 Shares of Walmart Inc. (NYSE:WMT)

Central Bank & Trust Co. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,569 shares of the retailer’s stock after selling 692 shares during the quarter. Central Bank & Trust Co.’s holdings in Walmart were worth $2,953,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. WFA Asset Management Corp boosted its holdings in shares of Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the period. Strategic Advisors LLC grew its position in shares of Walmart by 36.4% during the 1st quarter. Strategic Advisors LLC now owns 9,728 shares of the retailer’s stock worth $585,000 after buying an additional 2,597 shares during the period. American Institute for Advanced Investment Management LLP raised its stake in Walmart by 189.6% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 6,560 shares of the retailer’s stock worth $395,000 after buying an additional 4,295 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its position in Walmart by 243.0% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 8,144 shares of the retailer’s stock valued at $490,000 after acquiring an additional 5,770 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Walmart by 221.5% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 106,363 shares of the retailer’s stock valued at $6,400,000 after acquiring an additional 73,279 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $82.45 on Tuesday. The company has a market cap of $662.75 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51. The business’s fifty day simple moving average is $79.93 and its two-hundred day simple moving average is $71.41. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. 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 announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMT. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Barclays raised their price objective 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. Royal Bank of Canada upped their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company raised their price objective on Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Guggenheim increased their target price on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $83.89.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. 45.58% of the stock is currently owned by corporate insiders.

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.