Walmart Inc. (NYSE:WMT) Shares Sold by Hills Bank & Trust Co

Hills Bank & Trust Co trimmed its holdings in Walmart Inc. (NYSE:WMT) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,305 shares of the retailer’s stock after selling 156 shares during the quarter. Hills Bank & Trust Co’s holdings in Walmart were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter worth $33,000. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% during the second 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. Finally, Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $29,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.3 %

Shares of WMT stock opened at $82.19 on Friday. The company has a market capitalization of $660.66 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 4.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock’s 50 day simple moving average is $79.80 and its 200 day simple moving average is $71.09. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 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 company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. DA Davidson boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Melius Research began coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Finally, KeyCorp lifted their price target on Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, October 28th. One investment 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $83.89.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents 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 worth $958,577,287 over the last ninety days. Company insiders own 45.58% of the company’s stock.

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.