Walmart Inc. (NYSE:WMT) Shares Bought by Ledyard National Bank

Ledyard National Bank raised its position in Walmart Inc. (NYSE:WMT) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,510 shares of the retailer’s stock after buying an additional 1,246 shares during the period. Ledyard National Bank’s holdings in Walmart were worth $3,998,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Advisory Group LLC lifted its stake in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its position in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares in the last quarter. Inspire Advisors LLC boosted its stake in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the last quarter. Trust Co of the South raised its stake in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the period. Finally, LVZ Inc. boosted its holdings in Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after purchasing an additional 143 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Down 0.6 %

WMT stock opened at $80.81 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. 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 $650.00 billion, a PE ratio of 34.53, a P/E/G ratio of 4.07 and a beta of 0.51. The company’s 50 day simple moving average is $78.14 and its 200-day simple moving average is $69.83.

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

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WMT shares. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. UBS Group boosted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group upped their price target on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of “Buy” and an average price target of $83.34.

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.