City Holding Co. Has $17.23 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

City Holding Co. increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 190,678 shares of the retailer’s stock after purchasing an additional 363 shares during the period. Walmart comprises approximately 2.4% of City Holding Co.’s holdings, making the stock its 7th largest holding. City Holding Co.’s holdings in Walmart were worth $17,228,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. RoundAngle Advisors LLC bought a new stake in Walmart in the 4th quarter valued at $2,211,000. Annex Advisory Services LLC lifted its holdings in shares of Walmart by 2.1% in the fourth quarter. Annex Advisory Services LLC now owns 16,288 shares of the retailer’s stock valued at $1,472,000 after purchasing an additional 328 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in shares of Walmart during the fourth quarter worth about $204,000. Bernardo Wealth Planning LLC grew its holdings in shares of Walmart by 2.3% during the fourth quarter. Bernardo Wealth Planning LLC now owns 6,919 shares of the retailer’s stock worth $644,000 after buying an additional 155 shares in the last quarter. Finally, Renaissance Investment Group LLC raised its position in Walmart by 24.8% in the 4th quarter. Renaissance Investment Group LLC now owns 5,873 shares of the retailer’s stock valued at $531,000 after buying an additional 1,166 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMT. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Barclays lifted their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Two equities 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.49.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,478,149 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT opened at $92.02 on Tuesday. The firm has a market cap of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The business’s fifty day moving average is $91.15 and its 200-day moving average is $81.46. Walmart Inc. has a 52-week low of $53.44 and a 52-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.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Sell-side analysts expect that Walmart Inc. will post 2.47 EPS 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.