Massmutual Trust Co. FSB ADV Has $32.74 Million Holdings in Walmart Inc. (NYSE:WMT)

Massmutual Trust Co. FSB ADV lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 405,463 shares of the retailer’s stock after purchasing an additional 6,995 shares during the period. Walmart accounts for 0.9% of Massmutual Trust Co. FSB ADV’s holdings, making the stock its 26th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in Walmart were worth $32,741,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMT. Trust Co. of Toledo NA OH lifted its holdings in Walmart by 2.7% in the third quarter. Trust Co. of Toledo NA OH now owns 24,935 shares of the retailer’s stock valued at $2,014,000 after buying an additional 650 shares during the period. Abacus Planning Group Inc. lifted its holdings in Walmart by 3.2% in the third quarter. Abacus Planning Group Inc. now owns 16,456 shares of the retailer’s stock valued at $1,329,000 after buying an additional 507 shares during the period. Waller Financial Planning Group Inc. acquired a new position in Walmart in the third quarter valued at $226,000. Neville Rodie & Shaw Inc. raised its holdings in shares of Walmart by 1.8% during the third quarter. Neville Rodie & Shaw Inc. now owns 20,504 shares of the retailer’s stock valued at $1,656,000 after purchasing an additional 356 shares during the period. Finally, Mattson Financial Services LLC acquired a new position in shares of Walmart during the second quarter valued at about $2,924,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. KeyCorp boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Guggenheim boosted their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $81.62.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,334,670 shares of company stock valued at $958,025,027. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.44 on Thursday. The company’s fifty day moving average price is $75.05 and its 200-day moving average price is $67.94. The firm has a market capitalization of $647.02 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 4.00 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.