Zions Bancorporation N.A. Sells 352 Shares of Walmart Inc. (NYSE:WMT)

Zions Bancorporation N.A. lowered its stake in Walmart Inc. (NYSE:WMT) by 6.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,437 shares of the retailer’s stock after selling 352 shares during the quarter. Zions Bancorporation N.A.’s holdings in Walmart were worth $439,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of Walmart by 1.8% in the 3rd quarter. KBC Group NV now owns 1,181,078 shares of the retailer’s stock worth $95,372,000 after purchasing an additional 20,987 shares during the period. Huntington National Bank lifted its holdings in shares of Walmart by 3.2% during the third quarter. Huntington National Bank now owns 1,611,608 shares of the retailer’s stock valued at $130,138,000 after purchasing an additional 50,053 shares in the last quarter. ROI Financial Advisors LLC raised its stake in Walmart by 12.4% during the 3rd quarter. ROI Financial Advisors LLC now owns 39,026 shares of the retailer’s stock valued at $3,151,000 after buying an additional 4,314 shares during the last quarter. Plato Investment Management Ltd grew its stake in shares of Walmart by 0.4% during the 3rd quarter. Plato Investment Management Ltd now owns 97,329 shares of the retailer’s stock valued at $7,851,000 after purchasing an additional 397 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Walmart during the third quarter valued at approximately $18,692,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WMT shares. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Morgan Stanley lifted their price objective on Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America increased their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Tigress Financial boosted their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus target price of $85.18.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $84.27 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market capitalization of $677.38 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51. The stock’s 50-day simple moving average is $81.14 and its 200-day simple moving average is $72.62.

Walmart (NYSE:WMT) last released 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 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%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.