First National Bank of Mount Dora Trust Investment Services Sells 2,253 Shares of Walmart Inc. (NYSE:WMT)

First National Bank of Mount Dora Trust Investment Services lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,749 shares of the retailer’s stock after selling 2,253 shares during the period. Walmart accounts for 2.3% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 9th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Walmart were worth $9,916,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Kozak & Associates Inc. lifted its stake in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after purchasing an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares during the last quarter. Lowe Wealth Advisors LLC lifted its stake in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares during the last quarter. Providence Wealth Advisors LLC lifted its stake in shares of Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares during the last quarter. Finally, Yarger Wealth Strategies LLC lifted its stake in shares of Walmart by 3.7% in the 4th quarter. Yarger Wealth Strategies LLC now owns 3,459 shares of the retailer’s stock valued at $313,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 0.8 %

WMT opened at $92.02 on Friday. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The company has a market cap of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s 50-day simple moving average is $91.01 and its 200-day simple moving average is $81.10.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Morgan Stanley upped their price target on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. UBS Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Oppenheimer boosted their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

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.