Farmers Trust Co. Has $12.08 Million Holdings in Walmart Inc. (NYSE:WMT)

Farmers Trust Co. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,668 shares of the retailer’s stock after selling 3,789 shares during the period. Walmart comprises about 2.3% of Farmers Trust Co.’s portfolio, making the stock its 6th largest position. Farmers Trust Co.’s holdings in Walmart were worth $12,077,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter valued at about $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart in the third quarter valued at about $36,000. Finally, Hara Capital LLC acquired a new position in Walmart in the 3rd quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Melius Research started coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Walmart Stock Up 0.9 %

WMT traded up $0.82 during trading hours on Wednesday, hitting $91.63. 7,064,055 shares of the company’s stock were exchanged, compared to its average volume of 11,559,874. 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 Inc. has a 12-month low of $52.58 and a 12-month high of $96.18. The firm has a market cap of $736.10 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The firm has a 50 day moving average of $89.76 and a 200 day moving average of $80.13.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,412 shares of company stock worth $12,478,116. Corporate insiders own 45.58% of the company’s stock.

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.