Fulton Bank N.A. Reduces Stake in Walmart Inc. (NYSE:WMT)

Fulton Bank N.A. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,868 shares of the retailer’s stock after selling 15,132 shares during the quarter. Fulton Bank N.A.’s holdings in Walmart were worth $5,228,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WMT. Koss Olinger Consulting LLC purchased a new position in shares of Walmart during the 2nd quarter worth approximately $203,000. Cahill Financial Advisors Inc. lifted its position in shares of Walmart by 4.8% in the second quarter. Cahill Financial Advisors Inc. now owns 3,531 shares of the retailer’s stock valued at $239,000 after acquiring an additional 162 shares in the last quarter. LGT Group Foundation increased its position in Walmart by 1.0% during the 2nd quarter. LGT Group Foundation now owns 62,093 shares of the retailer’s stock worth $4,204,000 after purchasing an additional 630 shares in the last quarter. LGT Fund Management Co Ltd. raised its stake in Walmart by 23.3% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 83,083 shares of the retailer’s stock valued at $5,626,000 after purchasing an additional 15,703 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in Walmart by 2.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,855,610 shares of the retailer’s stock valued at $125,643,000 after purchasing an additional 47,226 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 140,412 shares of company stock valued at $12,478,116. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Guggenheim boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Walmart Stock Up 0.6 %

NYSE WMT traded up $0.54 during trading hours on Wednesday, reaching $91.35. 4,210,914 shares of the company traded hands, compared to its average volume of 11,062,158. The company has a 50 day moving average of $89.76 and a two-hundred day moving average of $80.13. The stock has a market capitalization of $733.85 billion, a PE ratio of 37.49, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 12 month low of $52.58 and a 12 month high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Walmart Company 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.