UMB Bank n.a. Has $61.98 Million Stake in Walmart Inc. (NYSE:WMT)

UMB Bank n.a. decreased its position in Walmart Inc. (NYSE:WMT) by 2.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 767,534 shares of the retailer’s stock after selling 17,471 shares during the period. Walmart comprises 1.0% of UMB Bank n.a.’s portfolio, making the stock its 23rd biggest position. UMB Bank n.a.’s holdings in Walmart were worth $61,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Swiss National Bank increased its position in shares of Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.79 during trading on Thursday, reaching $79.61. 1,954,802 shares of the company traded hands, compared to its average volume of 17,277,385. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The firm has a market capitalization of $640.35 billion, a PE ratio of 34.10, a PEG ratio of 4.05 and a beta of 0.51. The company’s 50 day moving average is $76.12 and its two-hundred day moving average is $68.61.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping 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 business posted $0.61 earnings per share. Walmart’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 over the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group lifted their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, Stifel Nicolaus lifted their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $81.96.

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.