Amarillo National Bank Boosts Position in Walmart Inc. (NYSE:WMT)

Amarillo National Bank increased its holdings in Walmart Inc. (NYSE:WMT) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,982 shares of the retailer’s stock after acquiring an additional 779 shares during the quarter. Walmart comprises approximately 1.3% of Amarillo National Bank’s portfolio, making the stock its 17th biggest position. Amarillo National Bank’s holdings in Walmart were worth $6,862,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WMT. Smith Salley Wealth Management boosted its position in Walmart by 9.9% during the 3rd quarter. Smith Salley Wealth Management now owns 70,107 shares of the retailer’s stock valued at $5,661,000 after acquiring an additional 6,344 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of Walmart by 0.3% in the 3rd quarter. Modera Wealth Management LLC now owns 193,858 shares of the retailer’s stock worth $15,654,000 after purchasing an additional 644 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Walmart by 0.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 177,328 shares of the retailer’s stock worth $14,319,000 after buying an additional 648 shares during the last quarter. MCF Advisors LLC increased its position in Walmart by 7.2% during the 3rd quarter. MCF Advisors LLC now owns 19,280 shares of the retailer’s stock valued at $1,557,000 after buying an additional 1,287 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its position in Walmart by 3.6% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 4,787 shares of the retailer’s stock valued at $387,000 after buying an additional 165 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $82.51 on Monday. The stock’s 50-day simple moving average is $79.09 and its 200-day simple moving average is $70.47. The company has a market capitalization of $663.24 billion, a price-to-earnings ratio of 42.90, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WMT shares. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. increased their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $83.51.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on 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 completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. Company insiders own 45.58% of the company’s stock.

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.