Walmart Inc. (NYSE:WMT) Holdings Reduced by Fulton Bank N.A.

Fulton Bank N.A. cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,868 shares of the retailer’s stock after selling 15,132 shares during the period. Fulton Bank N.A.’s holdings in Walmart were worth $5,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kozak & Associates Inc. grew its stake in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its position in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC increased its holdings in shares of Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after buying an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC lifted its position in shares of Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares during the last quarter. Finally, CAP Partners LLC boosted its stake in shares of Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock traded up $0.54 on Wednesday, reaching $91.35. The stock had a trading volume of 4,210,914 shares, compared to its average volume of 11,062,158. The stock has a market cap of $733.85 billion, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $52.58 and a fifty-two week high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s 50-day moving average price is $89.76 and its two-hundred day moving average price is $80.13.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) 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 the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,412 shares of company stock worth $12,478,116 over the last three months. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Wells Fargo & Company lifted their target price on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

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.