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Walmart Inc. (NYSE:WMT) Shares Sold by Heritage Trust Co

Walmart logo with Retail/Wholesale background

Key Points

  • Heritage Trust Co has reduced its position in Walmart by 4.6%, now owning 152,535 shares, making Walmart the 10th largest holding in its portfolio.
  • Walmart reported an EPS of $0.61 for the last quarter, exceeding estimates, with revenue reaching $165.61 billion, marking a 2.5% increase from the previous year.
  • Analysts have a consensus rating of "Moderate Buy" for Walmart, with price targets ranging from $105 to $117 per share.
  • MarketBeat previews the top five stocks to own by September 1st.

Heritage Trust Co lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,535 shares of the retailer's stock after selling 7,428 shares during the period. Walmart accounts for 1.6% of Heritage Trust Co's investment portfolio, making the stock its 10th largest holding. Heritage Trust Co's holdings in Walmart were worth $13,391,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WMT. Eagle Capital Management LLC raised its position in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the last quarter. Brighton Jones LLC raised its position in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Pioneer Trust Bank N A OR increased its holdings in shares of Walmart by 45.2% in the 4th quarter. Pioneer Trust Bank N A OR now owns 21,050 shares of the retailer's stock valued at $1,902,000 after purchasing an additional 6,550 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Evercore ISI raised their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average target price of $106.67.

Read Our Latest Stock Analysis on WMT

Walmart Stock Up 1.0%

Shares of WMT traded up $1.00 during mid-day trading on Monday, reaching $99.49. 19,042,965 shares of the stock traded hands, compared to its average volume of 13,544,672. The firm has a market cap of $793.95 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 4.74 and a beta of 0.66. The stock has a fifty day simple moving average of $96.86 and a 200 day simple moving average of $95.08. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the transaction, the executive vice president owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,112 shares of company stock valued at $14,080,073. 45.58% of the stock is owned by insiders.

Walmart Profile

(Free Report)

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.

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