First National Bank of Mount Dora Trust Investment Services Has $7.41 Million Stake in Walmart Inc. (NYSE:WMT)

First National Bank of Mount Dora Trust Investment Services raised its position in shares of Walmart Inc. (NYSE:WMT) by 200.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,091 shares of the retailer’s stock after acquiring an additional 82,105 shares during the quarter. Walmart comprises 1.8% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 18th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Walmart were worth $7,406,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Walmart by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after acquiring an additional 751,713 shares in the last quarter. Morgan Stanley increased its stake in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after purchasing an additional 426,388 shares in the last quarter. Norges Bank acquired a new position in shares of Walmart during the fourth quarter valued at about $3,674,652,000. Price T Rowe Associates Inc. MD increased its position in Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after buying an additional 2,150,351 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Walmart by 4.0% during the 3rd quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock worth $2,361,411,000 after buying an additional 562,256 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.1 %

Shares of NYSE WMT opened at $67.91 on Friday. The business’s fifty day moving average price is $63.23 and its 200-day moving average price is $58.70. Walmart Inc. has a one year low of $49.85 and a one year high of $68.55. The stock has a market capitalization of $546.24 billion, a PE ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total value of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at $39,253,888.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock valued at $950,549,592 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Robert W. Baird boosted their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. KeyCorp raised their price objective on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. BMO Capital Markets lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada upped their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently 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.