Canandaigua National Trust Co of Florida Increases Position in Walmart Inc. (NYSE:WMT)

Canandaigua National Trust Co of Florida boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 41.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,213 shares of the retailer’s stock after purchasing an additional 1,240 shares during the period. Canandaigua National Trust Co of Florida’s holdings in Walmart were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter worth about $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart during the 3rd quarter worth about $36,000. Finally, Hara Capital LLC acquired a new stake in Walmart in the 3rd quarter worth about $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.6 %

Shares of WMT stock traded up $0.53 during trading hours on Monday, reaching $91.31. 14,504,362 shares of the stock were exchanged, compared to its average volume of 12,526,692. The business’s fifty day moving average is $89.41 and its two-hundred day moving average is $79.80. The firm has a market capitalization of $733.53 billion, a P/E ratio of 37.47, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 12-month low of $52.23 and a 12-month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WMT shares. Telsey Advisory Group increased their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup lifted their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Melius Research initiated coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Morgan Stanley boosted their price target on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 140,412 shares of company stock worth $12,478,116 over the last 90 days. 45.58% of the stock is owned by insiders.

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.