City State Bank Boosts Stock Position in Walmart Inc. (NYSE:WMT)

City State Bank boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 212.7% in the first quarter, Holdings Channel.com reports. The fund owned 13,143 shares of the retailer’s stock after acquiring an additional 8,940 shares during the quarter. City State Bank’s holdings in Walmart were worth $791,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northwest Capital Management Inc boosted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in Walmart during the 4th quarter valued at $30,000. Able Wealth Management LLC purchased a new position in Walmart during the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in Walmart during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Tigress Financial upped their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Barclays upped their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Robert W. Baird upped their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Raymond James upped their target price on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Walmart Stock Down 0.1 %

Walmart stock opened at $67.91 on Monday. The firm has a market cap of $546.24 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $68.55. The business’s 50-day moving average price is $63.23 and its 200 day moving average price is $58.80. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares in the company, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 over the last ninety days. Company insiders own 45.58% of the company’s stock.

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.