Oakworth Capital Inc. Boosts Holdings in Walmart Inc. (NYSE:WMT)

Oakworth Capital Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,873 shares of the retailer’s stock after acquiring an additional 3,113 shares during the period. Walmart comprises 2.5% of Oakworth Capital Inc.’s portfolio, making the stock its 11th largest holding. Oakworth Capital Inc.’s holdings in Walmart were worth $36,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Colorado Capital Management Inc. purchased a new stake in Walmart during the 3rd quarter worth about $219,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of Walmart during the 3rd quarter worth about $1,551,000. Hoese & Co LLP purchased a new stake in shares of Walmart during the third quarter worth about $33,000. Merrion Investment Management Co LLC raised its position in shares of Walmart by 16.7% in the third quarter. Merrion Investment Management Co LLC now owns 3,500 shares of the retailer’s stock valued at $283,000 after buying an additional 500 shares during the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new position in shares of Walmart during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $101.17 on Friday. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.11. The company has a market capitalization of $812.73 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. 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 firm has a fifty day simple moving average of $93.89 and a 200-day simple moving average of $83.95.

Walmart (NYSE:WMT) last announced its 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several recent analyst reports. UBS Group lifted their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $96.01.

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.