First Community Trust NA Purchases 15,308 Shares of Walmart Inc. (NYSE:WMT)

First Community Trust NA increased its position in shares of Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,962 shares of the retailer’s stock after acquiring an additional 15,308 shares during the period. Walmart comprises about 1.3% of First Community Trust NA’s portfolio, making the stock its 18th biggest position. First Community Trust NA’s holdings in Walmart were worth $1,382,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in Walmart during the 4th quarter worth $30,000. Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.1 %

Shares of Walmart stock opened at $67.91 on Friday. The company has a market capitalization of $546.24 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The stock has a fifty day simple moving average of $63.23 and a 200 day simple moving average of $58.75. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $68.55. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the transaction, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,493,971 shares of company stock valued at $950,549,592. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WMT shares. Royal Bank of Canada boosted their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. TD Cowen upped their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. The Goldman Sachs Group upped their target price on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Citigroup lifted their target price on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.97.

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.