First United Bank & Trust Purchases 412 Shares of Walmart Inc. (NYSE:WMT)

First United Bank & Trust boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,967 shares of the retailer’s stock after purchasing an additional 412 shares during the period. First United Bank & Trust’s holdings in Walmart were worth $810,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WMT. Geode Capital Management LLC raised its stake 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 acquiring an additional 2,786,061 shares in the last quarter. FMR LLC grew its holdings in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC increased its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. lifted its stake in Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc boosted 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 valued at $2,456,704,000 after buying an additional 644,353 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Insiders Place Their Bets

In related news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,928 shares of company stock worth $8,978,123. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $93.26 on Thursday. The business has a 50-day simple moving average of $91.47 and a 200 day simple moving average of $81.79. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $749.19 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 4.36 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 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 firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share 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.