Town & Country Bank & Trust CO dba First Bankers Trust CO Raises Holdings in Walmart Inc. (NYSE:WMT)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Walmart Inc. (NYSE:WMT) by 222.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,560 shares of the retailer’s stock after buying an additional 14,189 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Walmart were worth $1,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WMT. Northwest Capital Management Inc boosted its position in 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 purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new position in Walmart during the fourth quarter worth approximately $30,000. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the fourth quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in Walmart during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WMT shares. KeyCorp increased their price target on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Citigroup increased their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Bank of America increased their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Barclays increased 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 increased their target price on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The disclosure for this sale can be found here. Insiders sold a total of 14,499,762 shares of company stock worth $951,294,838 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of Walmart stock opened at $67.71 on Monday. The firm has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a 50 day moving average of $64.07 and a 200 day moving average of $59.41.

Walmart (NYSE:WMT) last released its quarterly 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

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.