First Citizens Bank & Trust Co. Sells 4,137 Shares of Walmart Inc. (NYSE:WMT)


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First Citizens Bank & Trust Co. lessened its position in Walmart Inc. (NYSE:WMT) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 21,263 shares of the retailer’s stock after selling 4,137 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Walmart were worth $3,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Tatro Capital LLC increased its position in shares of Walmart by 3.5% during the 3rd quarter. Tatro Capital LLC now owns 2,209 shares of the retailer’s stock valued at $309,000 after purchasing an additional 74 shares during the last quarter. Bay Harbor Wealth Management LLC increased its holdings in Walmart by 18.4% during the third quarter. Bay Harbor Wealth Management LLC now owns 488 shares of the retailer’s stock valued at $68,000 after buying an additional 76 shares during the last quarter. Northeast Financial Consultants Inc raised its position in Walmart by 0.9% in the third quarter. Northeast Financial Consultants Inc now owns 9,127 shares of the retailer’s stock worth $1,277,000 after acquiring an additional 78 shares during the period. Cape Cod Five Cents Savings Bank boosted its stake in shares of Walmart by 4.5% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 1,816 shares of the retailer’s stock worth $254,000 after acquiring an additional 79 shares during the last quarter. Finally, Aurum Wealth Management Group LLC grew its position in shares of Walmart by 4.2% during the 3rd quarter. Aurum Wealth Management Group LLC now owns 1,993 shares of the retailer’s stock valued at $279,000 after acquiring an additional 80 shares during the period. Institutional investors own 29.34% of the company’s stock.

A number of equities analysts recently commented on WMT shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Walmart from $155.00 to $172.00 in a report on Wednesday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $137.00 price objective on shares of Walmart in a research report on Friday, October 2nd. BMO Capital Markets boosted their price objective on Walmart from $160.00 to $175.00 in a research note on Wednesday, November 18th. Barclays raised their target price on shares of Walmart from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, November 18th. Finally, Raymond James upped their price target on shares of Walmart from $145.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $150.82.

In other news, Director S Robson Walton sold 1,588,645 shares of the firm’s stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of $144.23, for a total value of $229,130,268.35. Following the completion of the sale, the director now owns 3,215,991 shares in the company, valued at approximately $463,842,381.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 548,602 shares of Walmart stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $143.30, for a total transaction of $78,614,666.60. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $967,071,514. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,390,000 shares of company stock valued at $1,376,288,395. Company insiders own 50.43% of the company’s stock.

Walmart stock opened at $147.45 on Thursday. The company’s 50-day moving average price is $147.03 and its 200-day moving average price is $139.61. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The company has a market cap of $417.18 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. Walmart Inc. has a twelve month low of $102.00 and a twelve month high of $153.66.

Walmart (NYSE:WMT) last released its quarterly earnings results on Monday, November 16th. The retailer reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.16. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The company had revenue of $134.71 billion during the quarter, compared to analyst estimates of $133 billion. During the same quarter last year, the business posted $1.16 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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