Massmutual Trust Co. FSB ADV Purchases 6,995 Shares of Walmart Inc. (NYSE:WMT)

Massmutual Trust Co. FSB ADV lifted its stake in Walmart Inc. (NYSE:WMT) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 405,463 shares of the retailer’s stock after purchasing an additional 6,995 shares during the period. Walmart accounts for about 0.9% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 26th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in Walmart were worth $32,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the 1st quarter worth about $25,000. Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC lifted its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the 2nd quarter worth about $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group lifted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group lifted their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Tigress Financial lifted their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $81.62.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,334,670 shares of company stock worth $958,025,027. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.0 %

WMT stock opened at $80.44 on Thursday. The firm’s fifty day simple moving average is $75.05 and its two-hundred day simple moving average is $67.94. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $647.02 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.