Walmart Inc. (NYSE:WMT) Stock Holdings Increased by Thomasville National Bank

Thomasville National Bank raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 55,111 shares of the retailer’s stock after purchasing an additional 431 shares during the period. Thomasville National Bank’s holdings in Walmart were worth $4,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brophy Wealth Management LLC bought a new stake in shares of Walmart in the 3rd quarter worth $2,072,000. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares in the last quarter. Iowa State Bank raised its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Walmart in the 3rd quarter worth $541,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT traded down $1.53 during trading on Monday, hitting $91.47. The company’s stock had a trading volume of 4,870,436 shares, compared to its average volume of 12,483,730. The firm’s 50 day moving average price is $90.38 and its two-hundred day moving average price is $80.63. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock has a market capitalization of $734.81 billion, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday. Guggenheim boosted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Finally, KeyCorp lifted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $94.08.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 2.17 % decrease in their position. The disclosure for this sale 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 Company 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.