FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $1.25 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in Walmart Inc. (NYSE:WMT) by 193.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,797 shares of the retailer’s stock after acquiring an additional 13,704 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Edmonds Duncan Registered Investment Advisors LLC boosted its position in shares of Walmart by 200.0% in the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 8,768 shares of the retailer’s stock valued at $528,000 after acquiring an additional 5,845 shares during the period. Allspring Global Investments Holdings LLC increased its position in Walmart by 218.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,554,046 shares of the retailer’s stock worth $153,677,000 after purchasing an additional 1,751,066 shares during the period. Eagle Capital Management LLC bought a new position in shares of Walmart during the 1st quarter valued at about $222,000. Stordahl Capital Management Inc. lifted its stake in Walmart by 192.3% in the 1st quarter. Stordahl Capital Management Inc. now owns 5,302 shares of the retailer’s stock valued at $319,000 after acquiring an additional 3,488 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its stake in Walmart by 193.8% in the 1st quarter. Tributary Capital Management LLC now owns 11,870 shares of the retailer’s stock valued at $714,000 after acquiring an additional 7,830 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of WMT stock opened at $68.24 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.80 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 company has a market cap of $548.89 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.92 and a beta of 0.50. The business has a fifty day simple moving average of $64.40 and a 200 day simple moving average of $59.65.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping 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 business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the company earned $0.49 EPS. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on WMT shares. TD Cowen boosted their price target on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Raymond James boosted their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada boosted their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. DA Davidson boosted their price target on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Robert W. Baird boosted their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on 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 approximately $30,816,896.04. The sale was disclosed in a filing with the SEC, which is available through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the 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 completion of the transaction, 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 sold a total of 14,525,340 shares of company stock worth $953,023,399 in the last ninety days. 45.58% of the stock is owned by insiders.

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.