Indiana Trust & Investment Management CO Buys 7,990 Shares of Walmart Inc. (NYSE:WMT)

Indiana Trust & Investment Management CO grew its stake in shares of Walmart Inc. (NYSE:WMT) by 192.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 12,135 shares of the retailer’s stock after acquiring an additional 7,990 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Walmart were worth $730,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at $35,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Down 0.2 %

WMT stock opened at $67.74 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $64.07 and its 200-day moving average is $59.29. The firm has a market capitalization of $544.87 billion, a PE ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group upped their price objective on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Evercore ISI upped their price objective on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Bank of America upped their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Oppenheimer upped their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders have sold 14,502,762 shares of company stock worth $951,475,618 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.