Community Bank of Raymore Invests $214,000 in Walmart Inc. (NYSE:WMT)

Community Bank of Raymore purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,646 shares of the retailer’s stock, valued at approximately $214,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP bought a new position in Walmart during the 3rd quarter valued at about $33,000. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new position in Walmart during the 2nd quarter valued at about $29,000. Finally, Northwest Capital Management Inc grew its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WMT shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. Finally, Wells Fargo & Company upped their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $82.96.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.5 %

Shares of Walmart stock opened at $81.22 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The firm has a market capitalization of $652.87 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 4.02 and a beta of 0.51. The firm’s 50 day simple moving average is $77.37 and its two-hundred day simple moving average is $69.31.

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