Chevy Chase Trust Holdings LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,352,122 shares of the retailer’s stock after selling 38,950 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Walmart were worth $159,262,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AHL Investment Management Inc. increased its stake in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the period. Valley Brook Capital Group Inc. raised its holdings in shares of Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares in the last quarter. Core Wealth Advisors Inc. raised its holdings in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of Walmart during the 1st quarter worth $270,000. Finally, Commerce Bank grew its stake in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.23, for a total value of $1,899,758.52. Following the sale, the chief executive officer now owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,970,613 shares of company stock valued at $723,987,410. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.84 on Tuesday, reaching $74.56. 14,423,731 shares of the company were exchanged, compared to its average volume of 17,599,436. 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 Inc. has a 1-year low of $49.85 and a 1-year high of $74.75. The company has a 50-day moving average of $68.99 and a 200-day moving average of $63.56. The firm has a market cap of $599.73 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday. JPMorgan Chase & Co. upped their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday. UBS Group raised their price objective on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Robert W. Baird increased their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.57.

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.