Charles Schwab Trust Co Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Charles Schwab Trust Co lifted its holdings in Walmart Inc. (NYSE:WMT) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,176 shares of the retailer’s stock after acquiring an additional 1,003 shares during the period. Charles Schwab Trust Co’s holdings in Walmart were worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. boosted its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $32,000. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 140,177 shares of company stock valued at $12,478,149. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $93.05 on Wednesday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a fifty day moving average price of $91.31 and a 200 day moving average price of $81.63. The company has a market cap of $747.51 billion, a P/E ratio of 38.19, a PEG ratio of 4.36 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup boosted their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

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.