Walmart Inc. (NYSE:WMT) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its position in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the third quarter, Holdings Channel.com reports. The fund owned 155,633 shares of the retailer’s stock after selling 867 shares during the quarter. Hancock Whitney Corp’s holdings in Walmart were worth $12,567,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WMT. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth about $26,000. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC raised its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WMT. Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. KeyCorp raised their target price on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Citigroup boosted their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Robert W. Baird raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Price Performance

Shares of WMT opened at $90.89 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $90.91. The company has a market cap of $730.60 billion, a P/E ratio of 37.12, a PEG ratio of 4.29 and a beta of 0.51. The firm’s 50 day moving average price is $82.12 and its 200 day moving average price is $73.94.

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

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by company insiders.

About Walmart

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.