Walmart Inc. (NYSE:WMT) Shares Sold by Centennial Bank AR

Centennial Bank AR lessened its stake in Walmart Inc. (NYSE:WMT) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,432 shares of the retailer’s stock after selling 881 shares during the quarter. Centennial Bank AR’s holdings in Walmart were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter worth about $33,000. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Finally, Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter worth $29,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 0.3 %

Shares of NYSE:WMT opened at $82.19 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $79.80 and its 200 day moving average price is $71.25. The company has a market cap of $660.66 billion, a PE ratio of 42.81, a P/E/G ratio of 4.10 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Telsey Advisory Group boosted their target price on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Bank of America raised their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Barclays boosted their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $83.89.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock valued at $958,577,287 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.