Norway Savings Bank Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Norway Savings Bank cut its holdings in Walmart Inc. (NYSE:WMT) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,035 shares of the retailer’s stock after selling 165 shares during the quarter. Norway Savings Bank’s holdings in Walmart were worth $455,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter worth about $26,000. Voisard Asset Management Group Inc. grew its position in 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 acquiring an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in Walmart during the third quarter worth approximately $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter valued at approximately $36,000. Finally, Hara Capital LLC bought a new stake in shares of Walmart in the 3rd quarter valued at approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.42 on Tuesday, hitting $91.01. 6,197,210 shares of the company were exchanged, compared to its average volume of 11,530,208. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $89.58 and its 200 day moving average price is $79.96. Walmart Inc. has a 1-year low of $52.23 and a 1-year high of $96.18. The firm has a market capitalization of $731.12 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Robert W. Baird increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada raised their price objective on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Truist Financial boosted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Walmart 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.