First United Bank & Trust Acquires 412 Shares of Walmart Inc. (NYSE:WMT)

First United Bank & Trust raised its holdings in Walmart Inc. (NYSE:WMT) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,967 shares of the retailer’s stock after acquiring an additional 412 shares during the quarter. First United Bank & Trust’s holdings in Walmart were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WMT. Royal Capital Wealth Management LLC raised its stake in Walmart by 23.5% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 10,547 shares of the retailer’s stock worth $714,000 after buying an additional 2,005 shares during the period. Zurich Insurance Group Ltd FI raised its position in shares of Walmart by 41.3% during the second quarter. Zurich Insurance Group Ltd FI now owns 2,177,305 shares of the retailer’s stock worth $147,425,000 after purchasing an additional 636,475 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Walmart by 36.6% during the 2nd quarter. Toronto Dominion Bank now owns 2,266,288 shares of the retailer’s stock valued at $153,450,000 after purchasing an additional 606,784 shares in the last quarter. Point72 Hong Kong Ltd grew its position in shares of Walmart by 112.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock valued at $3,376,000 after purchasing an additional 26,379 shares during the period. Finally, Blankinship & Foster LLC bought a new stake in Walmart during the 2nd quarter worth approximately $216,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WMT. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley lifted their price target on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday. Robert W. Baird upped their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued 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 price target of $94.69.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,928 shares of company stock worth $8,978,123 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $93.26 on Thursday. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. The stock has a market cap of $749.19 billion, a PE ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55. The firm has a 50-day moving average of $91.47 and a 200-day moving average of $81.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

About Walmart

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.