Home Federal Bank of Tennessee Increases Holdings in Walmart Inc. (NYSE:WMT)

Home Federal Bank of Tennessee lifted its position in shares of Walmart Inc. (NYSE:WMT) by 209.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,782 shares of the retailer’s stock after acquiring an additional 18,133 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Walmart were worth $1,611,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Flynn Zito Capital Management LLC boosted its stake in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares in the last quarter. ICW Investment Advisors LLC boosted its stake in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares in the last quarter. Bill Few Associates Inc. boosted its stake in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares in the last quarter. Rossmore Private Capital boosted its stake in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of WMT opened at $67.71 on Monday. The stock’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $59.41. 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 Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The firm has a market capitalization of $544.63 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $0.49 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Barclays lifted their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Raymond James lifted their price objective on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. HSBC lifted their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Stifel Nicolaus lifted their price objective on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Insiders have sold 14,499,762 shares of company stock valued at $951,294,838 over the last three months. 45.58% of the stock is owned by company insiders.

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.