Coastline Trust Co Has $2.86 Million Position in Walmart Inc. (NYSE:WMT)

Coastline Trust Co raised its position in shares of Walmart Inc. (NYSE:WMT) by 50.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,352 shares of the retailer’s stock after acquiring an additional 11,857 shares during the period. Coastline Trust Co’s holdings in Walmart were worth $2,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter worth $25,000. TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its stake in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WMT. Roth Mkm raised their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group reissued an “outperform” rating and set a $92.00 target price on shares of Walmart in a research note on Wednesday. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $85.18.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Walmart Trading Down 0.2 %

Shares of WMT stock opened at $84.27 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79. 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 has a 50 day simple moving average of $81.29 and a two-hundred day simple moving average of $72.78. The company has a market cap of $677.38 billion, a P/E ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.