Norway Savings Bank Sells 165 Shares of Walmart Inc. (NYSE:WMT)

Norway Savings Bank reduced its holdings in Walmart Inc. (NYSE:WMT) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,035 shares of the retailer’s stock after selling 165 shares during the quarter. Norway Savings Bank’s holdings in Walmart were worth $455,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jennison Associates LLC lifted its position in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC raised its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the period. Geode Capital Management LLC boosted its position in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were 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 owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 in the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT traded down $0.42 during mid-day trading on Tuesday, hitting $91.01. 6,197,210 shares of the company traded hands, compared to its average volume of 11,530,208. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $89.58 and its 200-day moving average price is $79.96. The firm has a market cap of $731.12 billion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a one year low of $52.23 and a one year high of $96.18.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. UBS Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their price objective on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Telsey Advisory Group lifted their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

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.