Walmart Inc. (NYSE:WMT) Stock Holdings Trimmed by Argent Trust Co

Key Points

• Argent Trust Co has reduced its holdings in Walmart Inc. by 1.1%, now owning 476,254 shares valued at approximately $41.81 million, constituting 1.7% of its portfolio.
• Walmart reported a Q1 earnings per share of $0.61, exceeding analysts' expectations, with revenue reaching $165.61 billion, marking a 2.5% increase from the same quarter last year.
• Recent analyst reports show a consensus price target of $106.67 for Walmart, with most analysts rating the stock as a "Moderate Buy."

Argent Trust Co trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,254 shares of the retailer's stock after selling 5,344 shares during the quarter. Walmart comprises approximately 1.7% of Argent Trust Co's portfolio, making the stock its 6th largest holding. Argent Trust Co's holdings in Walmart were worth $41,810,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bear Mountain Capital Inc. lifted its stake in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter valued at approximately $35,000. Lipe & Dalton raised its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares during the period. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart during the 1st quarter valued at approximately $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $98.40 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $96.86 and a 200 day moving average price of $95.05. The company has a market cap of $785.27 billion, a P/E ratio of 42.05, a PEG ratio of 4.74 and a beta of 0.66. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.

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

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,912 shares of company stock worth $13,863,813. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on WMT shares. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Evercore ISI lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, Raymond James Financial reduced their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.67.

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.

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