First National Corp MA ADV Sells 127 Shares of Walmart Inc. (NYSE:WMT)

First National Corp MA ADV decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,295 shares of the retailer’s stock after selling 127 shares during the quarter. First National Corp MA ADV’s holdings in Walmart were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Arlington Trust Co LLC grew its holdings in shares of Walmart by 15.8% during the fourth quarter. Arlington Trust Co LLC now owns 24,219 shares of the retailer’s stock valued at $2,188,000 after buying an additional 3,306 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Walmart by 8.4% during the fourth quarter. Equitable Trust Co. now owns 67,528 shares of the retailer’s stock valued at $6,101,000 after buying an additional 5,250 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of Walmart by 17.6% during the fourth quarter. Soltis Investment Advisors LLC now owns 13,782 shares of the retailer’s stock valued at $1,245,000 after buying an additional 2,066 shares during the last quarter. Elser Financial Planning Inc purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $215,000. Finally, Opal Wealth Advisors LLC grew its holdings in shares of Walmart by 2.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 7,855 shares of the retailer’s stock valued at $710,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a 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 on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup raised their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Jefferies Financial Group raised their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.08.

Walmart Stock Performance

Shares of NYSE WMT opened at $102.45 on Wednesday. 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 company has a market cap of $822.98 billion, a P/E ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55. The firm’s fifty day moving average is $94.27 and its two-hundred day moving average is $84.59. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Walmart 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.