Walmart Inc. (NYSE:WMT) Shares Sold by Country Club Bank

Country Club Bank cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.7% in the 3rd quarter, Holdings Channel reports. The firm owned 382,041 shares of the retailer’s stock after selling 27,241 shares during the period. Walmart makes up approximately 2.0% of Country Club Bank’s portfolio, making the stock its 8th largest holding. Country Club Bank’s holdings in Walmart were worth $30,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Vanguard Group Inc. lifted its stake in Walmart by 199.4% during 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Swiss National Bank boosted its stake in Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares during the period. Canada Pension Plan Investment Board boosted its stake in Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after purchasing an additional 8,225,552 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after purchasing an additional 8,144,393 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,784,857 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $82.51 on Friday. The company has a market capitalization of $663.67 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34. 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 company’s fifty day moving average price is $79.09 and its 200 day moving average price is $70.40.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WMT shares. Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein started coverage on shares of Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective for the company. Telsey Advisory Group raised their price objective on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Cowen raised their price objective on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, UBS Group lifted their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $83.51.

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.