Walmart Inc. (NYSE:WMT) Stock Holdings Lowered by Cetera Trust Company N.A

Cetera Trust Company N.A reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,877 shares of the retailer’s stock after selling 250 shares during the quarter. Walmart accounts for approximately 2.5% of Cetera Trust Company N.A’s holdings, making the stock its 5th largest holding. Cetera Trust Company N.A’s holdings in Walmart were worth $3,874,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC boosted its position in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Fisher Asset Management LLC boosted its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Franklin Resources Inc. boosted its position in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc boosted its position in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the period. Institutional investors and hedge funds 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 that occurred on 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 directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,928 shares of company stock worth $8,978,123. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

Walmart stock opened at $93.75 on Friday. The business has a 50 day moving average price of $91.62 and a two-hundred day moving average price of $81.87. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $753.12 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart 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.