Thomasville National Bank Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Thomasville National Bank increased its position in Walmart Inc. (NYSE:WMT) by 195.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,687 shares of the retailer’s stock after purchasing an additional 36,160 shares during the quarter. Thomasville National Bank’s holdings in Walmart were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc grew its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC acquired a new position in Walmart in the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the fourth quarter worth about $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the transaction, the insider now owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock worth $950,549,592 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $68.03 on Friday. The firm has a market capitalization of $547.20 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.90 and a beta of 0.52. Walmart Inc. has a one year low of $49.85 and a one year high of $68.13. The business has a fifty day simple moving average of $63.08 and a 200 day simple moving average of $58.58. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Raymond James boosted their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Jefferies Financial Group raised their price target on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup boosted their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Barclays upped their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Stifel Nicolaus boosted their price objective on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

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.