First National Bank of Omaha Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

First National Bank of Omaha decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 22.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 79,706 shares of the retailer’s stock after selling 23,205 shares during the period. First National Bank of Omaha’s holdings in Walmart were worth $6,436,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Aspire Private Capital LLC boosted its stake in Walmart by 127.3% in the second quarter. Aspire Private Capital LLC now owns 7,066 shares of the retailer’s stock worth $478,000 after buying an additional 3,958 shares in the last quarter. Northeast Financial Group Inc. bought a new stake in shares of Walmart in the 2nd quarter worth approximately $203,000. Occidental Asset Management LLC boosted its stake in shares of Walmart by 9.8% in the 2nd quarter. Occidental Asset Management LLC now owns 65,807 shares of the retailer’s stock valued at $4,456,000 after purchasing an additional 5,885 shares in the last quarter. Transform Wealth LLC grew its holdings in shares of Walmart by 10.1% during the 2nd quarter. Transform Wealth LLC now owns 190,547 shares of the retailer’s stock valued at $12,902,000 after purchasing an additional 17,471 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in Walmart by 2.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 156,553 shares of the retailer’s stock worth $10,600,000 after purchasing an additional 3,279 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE WMT opened at $95.70 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $96.18. The business has a 50-day moving average price of $84.74 and a 200-day moving average price of $76.00. The firm has a market cap of $769.26 billion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 4.54 and a beta of 0.54.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WMT. Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Telsey Advisory Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction dated 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 owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The trade was a 0.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,300,460 shares of company stock worth $570,820,065. 45.58% of the stock is owned by insiders.

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.