Walmart Inc. (NYSE:WMT) Stock Holdings Decreased by Farmers Trust Co.

Farmers Trust Co. lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,668 shares of the retailer’s stock after selling 3,789 shares during the quarter. Walmart comprises approximately 2.3% of Farmers Trust Co.’s portfolio, making the stock its 6th biggest position. Farmers Trust Co.’s holdings in Walmart were worth $12,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC lifted its holdings in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. grew its holdings in Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc raised its position in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 0.9 %

Shares of WMT stock traded up $0.82 during trading hours on Wednesday, hitting $91.63. 7,064,055 shares of the company were exchanged, compared to its average volume of 11,559,874. The stock has a market capitalization of $736.10 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a one year low of $52.58 and a one year high of $96.18. The business’s 50-day simple moving average is $89.76 and its two-hundred day simple moving average is $80.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last posted 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 business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMT. TD Cowen upped their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Melius Research began coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Royal Bank of Canada raised their target price on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Oppenheimer upped their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the 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 owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The shares were 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 of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. 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 ninety days. Company insiders own 45.58% of the company’s stock.

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.