Walmart Inc. (NYSE:WMT) Position Decreased by Somerset Trust Co

Somerset Trust Co cut its stake in shares of Walmart Inc. (NYSE:WMT) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,595 shares of the retailer’s stock after selling 833 shares during the quarter. Walmart comprises approximately 2.3% of Somerset Trust Co’s investment portfolio, making the stock its 7th biggest holding. Somerset Trust Co’s holdings in Walmart were worth $6,024,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WMT. Seven Eight Capital LP acquired a new position in Walmart during the fourth quarter valued at $444,000. Creative Planning lifted its position in Walmart by 5.6% during the fourth quarter. Creative Planning now owns 522,496 shares of the retailer’s stock valued at $82,374,000 after purchasing an additional 27,535 shares during the period. Vivaldi Capital Management LP lifted its position in Walmart by 10.3% during the fourth quarter. Vivaldi Capital Management LP now owns 4,686 shares of the retailer’s stock valued at $793,000 after purchasing an additional 437 shares during the period. Kestra Advisory Services LLC lifted its position in Walmart by 25.5% during the fourth quarter. Kestra Advisory Services LLC now owns 193,531 shares of the retailer’s stock valued at $30,511,000 after purchasing an additional 39,267 shares during the period. Finally, Scalar Gauge Management LLC acquired a new position in Walmart during the fourth quarter valued at $1,576,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company upped their price objective on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Morgan Stanley upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Telsey Advisory Group upped their price objective on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $81.96.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Walmart stock opened at $80.42 on Thursday. The firm has a 50 day simple moving average of $75.88 and a 200-day simple moving average of $68.52. Walmart Inc. has a 1-year low of $49.85 and a 1-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. The stock has a market cap of $646.82 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 4.05 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.